Are you prepared to sell some land? Right now 6% interest on guaranteed savings so land prices should be falling soon. Am watching auctions and do see some parcels likely lower but good land is staying up there for now. Because land value have been inflated they seem to be well ahead on rent in our area too so am watching auctions. Value of your land may be lower than you think and would require a sale to verify what it actually is. We do have some auctions in the next couple of weeks in our area of central Alberta. I rent a few fields of mediocre land. One field has never really made any money over the 3 years I have farmed it but a bit over a mile away I got a good crop on another rent field (best ever on that field). The rent on field #2 is higher for next year and now is above field #1. Fairly similar land. Weather and timing made the difference as one field got a rain that the other one missed. With the lower commodity prices my rent is likely high enough on these fields that profit prospects will be very slim in 2024 so it is likely that my rent is fair.
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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