Glacier FarmMedia—Farm Credit Canada’s mid-year review shows cultivated farmland values rose an average of 5.5 per cent in the first half of this year. From July 2023 to June 2024 the increase was 9.6 per cent. J.P. Gervais, the federal crown corporation’s chief economist ,said values are increasing at a slower rate but described the […] Read more
Tag Archives Farm land
Land values continue to rise: FCC
Farmland value growth slowed in 2023, FCC says
Strongest growth in Saskatchewan, Quebec and Manitoba in 2023, report shows
Glacier FarmMedia – Farmland is still getting more expensive, but not quite as quickly as in recent years, according to the latest farmland value report from Canada’s biggest agricultural lender. Farm Credit Canada (FCC) put average national farmland value growth in 2023 at 11.5 per cent, down from 12.8 per cent in 2022. Ontario’s growth […] Read more
To buy or to rent?
Rent-to-price ratio can help farmers decide what’s best for them
Higher interest rates don’t seem to be affecting the ratio between land values and land rental costs — at least not yet. Farm Credit Canada’s latest analysis of farmland rental prices shows they’re roughly maintaining their traditional linkage, says J.P Gervais, the organization’s chief economist. WHY IT MATTERS: Understanding the rent-to-price ratio for farmland can […] Read more
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