A Primer for Investing in Canadian Farmland.
“Put your money in land, because they aren’t making any more of it!” – Will Rogers. When I think about burying some serious money for the long run, I think of farmland. I’m very bullish on Canadian farmland. My reasons: 1) Canadian farmland is very productive; 2) low cost on a global basis; 3) Canada is a stable country with a very adequate supply of water, energy and fertilizer; and 4) even the weather is cooperative as its growing season gets a little longer each year.
Some of Rick’s readers ask for more details. When ever you invest in land as a non-resident, you need to check the local laws. For example, when I was a farm realtor I had a group of Italians interested in buying a 2000-acre farm in Illinois. Now Illinois has a law prohibiting non-resident aliens from owning farmland. But it doesn’t prohibit corporations from buying farmland. So, we created a corporation and bought the farm.
How does this apply to buying a Canadian farm?
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