Buying farmland is not a matter of comparing acreage and asking price. Two parcels in the same area can look similar from the road yet offer very different productive capacity, access, operating costs, legal obligations, and resale potential.
Are you interested in Alberta farms for sale? The debate about which industry is more advantageous to Alberta’s economic growth is, to no one’s surprise, a nose-to-nose race between oil and agriculture. Both are such prominent and iconic industries of Alberta, and each provide such different benefits to our global and domestic markets. But which market is Alberta currently moving towards, and how viable is buying farm land for sale in the area? Plus, how will it affect buyers’ decisions in investing in farms in Alberta? First, let’s look at both industries’ contributions. When it comes to production of these two trades, agri-food and agriculture provides 6.7% of GPD while oil and gas contributes 2.9% of our GPD with all energy, electricity included, clocking in at 7.5%. Agriculture currently sits at a higher percentage than auto manufacturing, which is something to say in and of itself considering how important the auto industry has been for our nation in past years! Canada sits in 5th place as the biggest exporter of agricultural products in the global market and accounts for 3.5% of the overall profit in agri-food and agricultural exportation worldwide. As well, 4% of global petroleum comes from us and we hold 6% of the entire petroleum market. Not only are we prominent in both industries on a global scale, but within our own country we put 70% of homegrown product in our shopping carts from family-owned farms. Family is a truly Canadian value, and 98% of our farms are family-owned and operated, meaning what we are putting on the table is directly benefiting our local farmers and farm lands. Employment in these industries is what makes them so important to our economic growth, and the oil and gas industry employs more than 400,000 workers with 190,000 of those employees working right in the thick of the oil and gas business. Agriculture in comparison employs 2.2 million people when including all aspects of the trade, with 305,000 working directly in the field. We’ve all heard or experienced firsthand the layoffs happening in such succession in oil and gas. Agriculture on the other hand is expected to be in need of 74,000 more workers by the year 2022. One of the loudest arguments is greenhouse gas emissions, with oil and gas responsible for 26%, and we know just how important it is to reduce the amount of emissions in our production of both these industries. Agriculture currently contributes at least 10% of total emissions, and Canadians are working hard at trying to reduce this number in both sectors. Adjustments in farming practices, such as the use of a biodiesel, have dramatically lowered the production of greenhouse gases in farm lands. It’s no surprise that oil and gas and agriculture are the backbone of Canada’s market. We are lucky that both the gas, oil, and agricultural industries benefit our domestic markets and that globally we are viewed as a hotspot for safe food and reliable fuel. It’s hard to say which industry is more important for , but it’s not hard to agree that Alberta and its farm lands are growing fast and moving towards a brighter future. This bodes well for farm land for sale too, and as your trusted land broker, we would be happy to assist you with information on farms in Alberta. Contact us today and let’s discuss how investing in farm lands for sale can be a worthwhile opportunity.
2013 might have been a wild year for the value of Alberta farms for sale and buying land, but a new article from Alberta Farm Express shows that those values for farmland for sale have doubled in the past five years: How expensive is it to buy Alberta farmland? Try double what it was just five years ago. “Over the last five years, we’ve seen cash farm receipts going up across the country and especially in Alberta,” said Joel Bokenfohr, manager of business structures and financial policy with Alberta Agriculture and Forestry regarding Alberta farms for sale. “We have a strong farm economy where a farm’s investment decisions are now going into purchasing assets — land being the obvious choice. “That’s really driven up farm values.” We recommend that you take a look at the rest of the article here on farmland for sale in Alberta. What we see here not only tells us that farms have been doing great financially when it comes to buying land, but that the investment in Alberta farmland is bound to pay off.
Are you interested in land for sale in Alberta? The below news flash should definitely be considered, especially if you are planning to buy land in this area or if you are interested in investing in farm land for sale in the foreseeable future: Almost ten years after it was initially proposed, the discussion about a pipeline to transport carbon within Alberta have resumed. Talks of using CO2 for enhanced oil recovery are now underway, with its benefits to Alberta and Canada brought to the forefront. They estimate that with this program, we could see certain scenarios in which 10-15% more oil is extracted. “The political climate provincially and federally has shifted away from carbon capture and storage but the study’s conclusion that CO2 for EOR is a valid part of the climate change solution is still relevant, said Duncan Kenyon, Pembina’s program director of responsible fossil fuels. Industries that are among the biggest generators of jobs and wealth in the Canadian economy — think energy, fertilizer, chemicals, cement and steel — also produce the biggest emissions, he said. Capturing the CO2 and storing it underground doesn’t provide the revenue needed to make such programs financially sustainable.” With this announcement, you are likely concerned about how viable buying land or even investing in farm land for sale could be; however, as your trusted land broker, we can advise you on the current status of land for sale in Alberta and assist you with any questions you might have about buying land. Investing farm land for sale is an exciting opportunity to expand your property portfolio – contact us today if you are based in Alberta and interested in land for sale in the area. *Read more about Enhanced Oil Recovery here.
