September 29th, 2014
Variable farmland prices to become norm
Variable farmland prices will become the norm, according to one new study. The report, by London-based Valco Real Estate Appraisers and Consultants, analysed farmland values in Huron, Middlesex, Oxford, Elgin, Kent, Lambton, Essex, Bruce and Grey. It found that in 2013, values in Southwestern, Ontario, increased between 22 and 25 per cent, in keepign with wider price increases since 2010. Prices continue to be high in “strong quota / livestock” areas, but as seller expectations outpace buyers’ willin…
September 19th, 2014
Scottish investment in gold soars
Scottish investment in gold soared this week in the run-up to the country’s referendum. The vote on whether to separate from the UK spread uncertainty throughout the economic, political and investment markets, prompting investors to turn to the safe haven of precious metals.
Indeed, according to Bullionvault.com, Scottish investment in physical gold climbed 42 per cent in September.
The site analysed its average transaction for Scottish investors for the past 12 months and compared it to the fortni…
September 1st, 2014
Farmland prices fall in Minnesota
Farmland prices have fallen in Minnesota, according to a new survey. The Federal Reserve Bank of Minneapolis’ latest quarterly report found that prices per acre have fallen by approximately 4.5 per cent in the last year. This equates to a drop of $4 billion in value of Minnesota’s $100 billion stock of farmland, a dramatic reversal of the steady growth recorded for several years.
Sales have also dropped, according to the University of Minnesota, from 259 in 2012 to 106 in 2013. But while some fear the…