Personal Finance
We urged our Jurock’s Real Estate Insider subscribers to buy farmland since 2005. In fact we featured several thousand acres under the weekly Hot Property ‘plot of the week’. What did we pick?Saskatchewan and Alberta. Well, last year, Re/Max released a report on Canadian farmland sales that noted that cropland prices in Saskatchewan and Southern Alberta had jumped to $800 an acre. Since then, prices have rocketed.
“We’ve never seen anything like this. It’s like the land rush all over,” said veteran realtor Ben Van Dyk, a senior agent with newly formed Farm & Ranch by Better Homes and Gardens Real Estate.
Examples: 297 acres of cropland near Lethbridge for $2.7 million; 160 acres nearBaron, Alberta for $1 million.
But the real big prices are seen in farmlands close to town, since Alberta has no controls on selling agriculture land for development. For example, a 96-acre parcel with business potential just outside Lethbridge is offered at $1.3 million or around $3,000 per acre.
An even more telling stat is seen in Martensville, a suburb of Saskatoon. There, farmland on the edge of town, rezoned for residential and commercial development, is selling for $550,000 an acre, up from the $25,000 per acre it sold for four years ago.
“The [land] demand is very strong. There is not enough land available to satisfy the buyers,” said Van Dyk, who describes some parcels attracting more than a dozen offers when they hit the market.
According to Farm Credit Canada, the average value of Canadian farmland increased 8.6% during the first half of 2012, following average increases of 6.9% and 7.4% in the previous two reporting periods.
Farmland values remained stable or increased in all provinces except British Columbia, which saw a 0.3% decrease.
Ontario, experienced the highest average increase at 16.3%, followed by Manitoba at 10.3% and Saskatchewan at 9.1%.
Quebec and Alberta experienced 6.7% and 5.7% average increases respectively, followed by Prince Edward Island at 3.1% and Nova Scotia at 2.8%.
Major Point: Canadian farmland values have risen steadily during the last decade. The current average national increase is the highest since FCC began reporting on farmland values; with the second highest increase being 7.7% in the second half of 2008. The last time the average value decreased was by 0.6% in 2000. With food prices rising over 40% (not 2%!) in the last 2 years … this will continue.
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Michael Campbell takes on Vancouver Mayor Gregor Robertson for his anti-capitalistic assault, his outrageous attack with taxpayer dollars on the men and women trying to make a living running small businesses in Vancouver.
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In what he calls an “educational video” that’s widely circulated on YouTube, comedian Chris Rock offers advice on what to do when you get pulled over for a traffic violation.
“Obey the law” he says. “Stop immediately” and “stay in your car with your hands on the wheel.” Finally, “if your woman is mad at you, leave her at home. There’s nothing she’d like to see more than you getting your [you-know-what] kicked.”
It’s a dead-on spoof of a hard truth: Respect authority. If you don’t, you increase the odds of a pricey ticket.
“Everything in that video is absolutely true,” said Sgt. Matthew Koep of the South Plainfield, N.J., Police Department. “It’s funny, but it’s accurate.”
Citizens who are generally law-abiding are likely to come into contact with the police only under two circumstances: If you’re a crime victim or you get pulled over for a traffic violation.
Police officers are not out to make your life miserable, but to make sure you’re following the rules of the road and not endangering yourself or those around you.
With a few exceptions, and an egregious traffic violation is top among them, cops aren’t mandated to write tickets. Most would rather send you on your way with a friendly warning — that can save you time and money.
But handle the situation with an aggressive or arrogant attitude and you can expect to squeeze an expensive court date into your busy schedule.
Play nice
First rule: don’t argue.
“I get this all the time,” said Karen Rittorno, a nine-year veteran with the Chicago Police Department. “‘What are you stopping me for? I didn’t do nothing.’ If they try to take charge of the traffic stop, they’re not going to get out of it without a ticket,” she said. “We ask the questions, not them.”
Accept that the police have caught you doing something that’s against the law, such as speeding or gliding through a stop sign.
“All we do is react to what people do when you pull them over,” said Dennis Fanning, a homicide detective and veteran officer with the Los Angeles Police Department. “We don’t instigate the stuff, but we will react to you. The situation will escalate or de-escalate depending on how that person reacts.”
To argue with cops is akin to calling them idiots. Don’t do that. “That’s implying that I pulled you over for no reason and that bothers me,” Koep said.
Keep it honest
Don’t lie, either. Cops are trained to note the human characteristics of lying, including twitching and looking to the left, and they know the right questions to ask to suss out the truth.
Fanning estimates that nine out of 10 people lie to him. “It’s an attack on our intelligence,” he said.
….read more HERE

Michael Interviews Danielle Park, one of Michael’s favorites in telling people how to handle their money. Danielle is the author of the best selling myth-busting book “Juggling Dynamite: An insider’s wisdom on money management, markets and wealth that lasts.” She also runs the popular daily financial blog: www.jugglingdynamite.com. Michael begins the interview by asking Danielle her view on markets.
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The United States issued a global travel alert Friday, citing an al-Qaida threat that also caused the State Department to close 21 embassies and consulates this weekend in the Muslim world.
The State Department warned American citizens of the potential for terrorism particularly in the Middle East and North Africa, with a possible attack occurring or coming from the Arabian Peninsula.
“Current information suggests that al-Qaida and affiliated organizations continue to plan terrorist attacks both in the region and beyond, and that they may focus efforts to conduct attacks in the period between now and the end of August,” the statement said.
It urged American travellers to take extra precautions when travelling overseas and suggested they sign up for State Department alerts and register with U.S. consulates in the countries they are visiting.
