Investors eager to put money into SK farmland

Saskatchewan farmland, based on its productive capacity, continues to trade at a significant discount compared to land in other parts of Canada and around the world.
 “We particularly like … Saskatchewan because there’s this demonstrable discount on farmland prices if you look at (the cost for) a bushel of productive capacity,” Johnston said.
 “Right now, Saskatchewan land trades at about $800 for a tonne of productive capacity and Alberta trades at about $1,500 for a tonne of productive capacity.
 “If you could buy IBM stocks in Sask-atchewan at eight times earnings and you could buy IBM stocks in Alberta at 15 times earnings, where would you buy IBM stocks?”
 Agcapita’s fourth farmland investment fund is the company’s largest yet.

Full Text at the Western Producer

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