September 1, 2010

    September has arrived and with it the Saskatchewan Harvest Season!  Producers 

  focus is now turning from Summerfallow & Haying to Swathing, Combining and the 

  seeding of Winter Wheat.  Here’s to hoping for and receiving a September like 2009

  followed by a warm October which will allow for the work to get done!

  Listings:

    As our business increases, our number of listings do as well.  We continue to

  increase the area we cover and as more and more Sellers of Farm Property learn of

  our service, our listing database grows providing more and more options for Buyers. 

  As you search through our listing page you will find a large variety of Farm

  Properties.  From small to large, livestock to grain to mixed, area to area, we are

  determined to continue providing the highest quality service available to our Clients. 

  Commodity Values vs Production Estimates:

     Every year at this time, the current and future prices for our commodities fluctuate

  depending on the most recent forecast Production Estimates.  This year, an extra

  factor has been thrown into the mix – the extreme wet weather along with the large

  area it has covered.  Yes, every year the weather plays a part in estimating what total

  production will be.  However, this year’s weather is far from average and places a

  rather difficult task on those who take up the challenge in calculating the Production

  Estimates.  Not only is there a large amount of unseeded acreage on the Prairies, in

  addition a large amount of what is seeded will not be yielding anywhere close to

  average.  This makes applying long term averages to seeded acres somewhat

  unreliable.  Take for instance the estimate of 10,867,000 tonnes of Canola.  In our

  travels throughout the large area we service, the majority of Canola crops are

  suffering to say the least.  In many instances, yields in those fields will be fortunate

  to break the 20 to 25 bushel range.  While the Cereal crops appear to be somewhat

  better, many of them will also be yielding below average.  As always, only time will

  tell, however, do not be surprised if after harvest the actual harvested production is

  below the current forecast estimates?  Should this materialize, those who are able,

  may want to hold as much of this year’s production as possible as new year values

  may very well be higher!

  Livestock Inventories: 

     In the August 27/10 issue of the FCC Express, it was reported that according to

  Statistics Canada, inventories of livestock continue to decline.  Total Cattle

  inventories from July 1/09 to July 1/10 were down 5.6% in Alberta & Manitoba,

  6.3% in Saskatchewan, and 7% in British Columbia.  This continued reduction year

  after year in our beef herd is now being reflected in the price being offered at the

  local Auction Barns.  Recent sales have seen 800 lb Steers as high as $1.20/lb. 

  During our recent monthly meeting, it was brought to our attention that some

  producers rather than taking this opportunity to increase their herds, are choosing

  the opposite direction and will be dispersing their herds as they anticipate higher

  Bred Cow values!  This makes one wonder, what will it take to encourage some of

  our younger producers to take up the path of a Cattle Producer rather than that of a

  Grain Producer?

  Writing/Accepting the Offer – What do I need to know?

     As a Buyer or Seller of Farm Property, have you ever asked yourself this question

  before?  If not, you may want to!  The vast array of what needs to be included in

  writing may seem intimidating to those who are not experienced with the

  Selling/Buying of Farm Real Estate.  Yes there are the basic necessities to be

  included that make an Offer legally binding.  But what about all the little details that

  when not taken care become major setbacks when possession day comes around? 

  Things like which buildings are all included?  For instance, where did the three 2000

  bushel Westeel Rosco steel bins on flat wood floors go to?  What about the value of

  the land versus the house versus the grain bins versus the shop versus the !!!!!!!!  Oh

  and remember the second half of the rent for the current year on land that is rented

  out and possession took place on August 1^st.  Was I not supposed to get that?  Not if

  it is not in writing!  Now you may go forward and write your own offer and or sell your

  own farm, or you may choose an easier path.  Call one of our Ag Specialist's who

  already knows the answers to your questions and needs and is experienced with the

  many factors you will want to consider for your purchase or sale of Farm Real

  Estate.  Gee, now what should you do?

   Trade Show Calendar:

     The Fall run of Trade Shows although not as busy as Spring, will be starting come

  October.  At present we will be attending the following shows.  Should you know of a

  Trade Show in your area that you feel would benefit from out attendance, feel free

  to give us a call.

            1.  Friday October 29/10 – Kelliher Trade Show, Kelliher, SK

                 Located in the Kelliher Skating Rink.

            2.  Wednesday through Saturday November 3 to 6^th, 2010

                 Yorkton Harvest Showdown, Yorkton, SK – located in the Gallagher Center

     Should you find yourself needing our services, or maybe just want to stop for a 

  coffee to discuss any number of Farm related topics, give one of our Ag Specialists a

  call to arrange a time that is convenient for you.  Be sure to check in next month for

  an update to this page as we are dedicated to providing you with the most recent

  information in order to provide the highest available quality service for Sellers and

  Buyers of Farm Real Estate!

 RE/MAX Blue Chip Realty – Ag Division