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Saskatchewan farmer Larry Spratt looks over some of his calves on his farm near Melfort, SK on November 15, 2010. Spratt and his father Don expanded their farm in a modern version of crop sharing where they farm land bought by investors.
Saskatchewan farmer Larry Spratt looks over some of his calves on his farm near Melfort, SK on November 15, 2010. Spratt and his father Don expanded their farm in a modern version of crop sharing where they farm land bought by investors.
(David Stobbe/The Globe and Mail)

Farmland’s a hot investment, but there are pitfalls

Bidding wars. Double digit price increases on property in just a few months.

Toronto housing? Vancouver condos? So passé. We’re talking Saskatchewan farmland.

And not just Saskatchewan, which is up 9.7 per cent on average according to Farm Credit Corp.’s recently released survey. Alberta is up 7.2 per cent. Manitoba is pushing 14 per cent.