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" It's flat like a pancake; you can farm corner to corner," says Tony proudly. "We don't have rats, we do not have gophers, we don't have molehills." I Found This Interesting farms livestock and grain, while the two neighbouring farms are strictly grain, consisting of wheat, canola and oats. While Canada's obsession with domestic genuine estate is famous, the huge stretches of elds and pastures that comprise the farming sector get far less attention.

And some estimates state that half of all North American farmland could change hands in the next 15 years, as farmers retire. It's a shocking wealth transfer, Statistics, Can approximates the worth of farmland and agricultural buildings in Canada was $428 billion in 2016. As a Saskatoon-based real estate agent who focuses on big farm sales, Darren Sander is seeing the transfer up close.

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" With a farmer, farming isn't simply what they do. It's who they are." When it comes to the Big Lake Angus Farm, it was Sander's concept to group numerous farms together to offer as a bundle, "to make it of such a size that we could draw someone from a cross country to buy this home." So he approached Markus's farming neighbours to see if any wanted to offer their land at the same time.

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The sale isn't conditional on the purchase of all three farms together, but the possible purchasers who have actually reached out up until now, from as far away as B.C., Ontario and Alabama, seem thinking about the lot. As the listing for the residential or commercial property notes, the asking rate "includes all structures, homes, bins and all facilities.

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Stats from Farm Credit Canada, a Crown corporation that provides cash to farmers wanting to expand their operations, reveal that the average annual price gain for farmland was eight percent since 2000; in some years, such as 2012 and 2013, values soared by as much as 20 to 25 percent each year.

In 2018, the increase in farmland worths slowed back to 6 per cent. The big driver of intensifying land costs because 2005 has actually been increasing farm earnings, says J.P. Gervais, chief farming economist with Farm Credit Canada. "That can be discussed by one thingdemand for food," he said, indicating changing diets in India and China and increasing global incomes.