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Ranching in Manitoba
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<blockquote data-quote="H and H" data-source="post: 979855" data-attributes="member: 18837"><p>Manitoba is being considered due to the land cost. We have a farm in the Midwest and would like to purchase additional grazing property - however, the surge in cropland and cattle prices have taken pasture prices with it. Good pasture in our area will cost ~$10,000 - $11,000 per pair to purchase. It doesn't cash flow, and we aren't interested in completely subsidizing this land acquisition with our existing property. </p><p></p><p>"According to the realtor" - this property has sufficient hay and crop ground to carry the cows year round. It is also close enough to our current farm, that if the hay crop failed and we ran out of winter feed, we could truck the cows back home for ~$60 per head. </p><p></p><p>This property is about 60-70% Crown Lease. Do you have any experience with these? How big of a risk is there that you won't get the lease back once they expire? Is there a bunch of red tape that goes along with keeping the lease (i.e. you have jump through flaming hoops to keep the lease or worse yet let all Canadian citizens hunt and fish on the government owned property)?</p><p></p><p>I hadn't previously considered predation and insects as a major challenge, this property adjoins/contains four different lakes, so skeeters could be a huge deal for the cattle - limiting profitability for sure. </p><p></p><p>My dad, brother, and I are interested in the property and think that it would be an awesome adventure but it is equally intimidating. The next step is to visit the area, we want to see the worst of winter and talk to some of the locals about the challenges they face. The real question is which one of us has the cajones to make the move.</p><p></p><p>Nite Hawk - Thank you for your insight.</p></blockquote><p></p>
[QUOTE="H and H, post: 979855, member: 18837"] Manitoba is being considered due to the land cost. We have a farm in the Midwest and would like to purchase additional grazing property - however, the surge in cropland and cattle prices have taken pasture prices with it. Good pasture in our area will cost ~$10,000 - $11,000 per pair to purchase. It doesn't cash flow, and we aren't interested in completely subsidizing this land acquisition with our existing property. "According to the realtor" - this property has sufficient hay and crop ground to carry the cows year round. It is also close enough to our current farm, that if the hay crop failed and we ran out of winter feed, we could truck the cows back home for ~$60 per head. This property is about 60-70% Crown Lease. Do you have any experience with these? How big of a risk is there that you won't get the lease back once they expire? Is there a bunch of red tape that goes along with keeping the lease (i.e. you have jump through flaming hoops to keep the lease or worse yet let all Canadian citizens hunt and fish on the government owned property)? I hadn't previously considered predation and insects as a major challenge, this property adjoins/contains four different lakes, so skeeters could be a huge deal for the cattle - limiting profitability for sure. My dad, brother, and I are interested in the property and think that it would be an awesome adventure but it is equally intimidating. The next step is to visit the area, we want to see the worst of winter and talk to some of the locals about the challenges they face. The real question is which one of us has the cajones to make the move. Nite Hawk - Thank you for your insight. [/QUOTE]
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