By Kevin Hursh

Land prices and cash rents

Feb 7, 2011 | 9:11 AM

for paNOW

What’s happening with the price of farmland? What about cash rental rates?

I put those questions recently to Brad Farquhar of Assiniboia Capital Corp. which now owns more than 110,000 acres in Saskatchewan.

A number of companies are using investor money to buy land and rent it back to farmers. Assiniboia Capital Corp is the largest on the Prairies, with about $75 million in assets. Farquhar says land prices in general continue to appreciate.

He thinks Saskatchewan values are up about three per cent in each of the last two six-month periods, which is the estimate published by Farm Credit Canada.

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