The Saskatchewan government is gathering opinions and input on farmland ownership regulations in the province.
I believe loosening farmland ownership rules would unleash the full potential of Saskatchewan agriculture and bring maximum benefits to Saskatchewan people.
One problem with the current restrictions centres around fair value versus market value.
For example, if farmer John sold a quarter section of land to his neighbor at $200,000, that value does not really represent fair value.
So how much is the fair value of farmland? Many people believe farmland prices would double or even triple in a couple years if Saskatchewan’s farmland ownership limitation was lifted. (Click link to finish reading this article) http://www.producer.com/2015/07/sask-farmland-perception-versus-reality/