The total equity of the Canadian farm sector rose nearly eight per cent in 2023 while farm assets rose more than seven per cent according to Statistics Canada’s 2023 balance sheet.
Tag Archives farmland values
Farm equity, asset values up in 2023: StatCan
Farms' ability to pay debts declined but balance sheet remains strong
Farmland value growth slowed in 2023, FCC says
Strongest growth in Saskatchewan, Quebec and Manitoba
Glacier FarmMedia – Farmland is 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 put average national farmland value growth in 2023 at 11.5 per cent, down from 12.8 per cent in 2022. Why it matters: The […] Read more
Farmland value growth slowed in 2023, FCC says
Saskatchewan, Quebec and Manitoba saw strongest growth in 2023, report shows
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.
Growth in Southwestern Ontario farmland values slowed in 2023
Resiliency in Ontario’s farm sector keeps per-acre costs high
Growth in the value of farmland in Southwestern Ontario slowed in 2023, but per acre costs remain at record highs. Ryan Parker, partner with London-area real estate appraiser Valco, has been authoring an annual report on farmland values in Southwestern Ontario since 2010. In the latest analysis, he says it’s clear higher interest rates, lower […] Read more
NFU takes demand for ban on investor ownership to Parliament Hill
Organization's youth caucus concerned amid ‘transition crisis’
Members of the National Farmers Union (NFU) gathered on Parliament Hill Wednesday to demand a ban on investor ownership of farmland. The demonstration was organized by the NFU Youth Caucus and Farm Workers’ Working Group. The goal was to demand protection of food sovereignty and help farmers, especially young ones, gain more access to farmland. […] Read more
U.S. Lawmakers seek to limit corporate, foreign ownership of farmland
Farm groups, lawmakers are concerned that foreign, investor ownership is driving up prices and threatening national security
Washington | Reuters – U.S. lawmakers from both parties are pushing legislation that would limit who can own American farmland, with a latest effort from Democratic Senator Cory Booker aimed at curbing corporate ownership. Farm groups and lawmakers are concerned that land buys by investors and foreign countries are driving up farmland prices and threatening […] Read more
Buy or rent? Land rent-to-price ratio can help farmers decide
FCC sees current ratios on farmland as (roughly) stable
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 says they’re roughly maintaining their traditional linkage, says J.P Gervais, the organization’s chief economist. “We were curious to see whether that would bring up […] Read more
Canadian farmland values exceed expectations
Ontario leads the way in farmland value increases across the country
Glacier FarmMedia – Ontario farmland prices led the nation with an average increase of 19.4 per cent, well above the Canadian average increase of 12.8 per cent. The data was released in a Farm Credit Canada report on March 13. This year’s increase follows a record increase of 22.2 per cent in 2021 and a […] Read more
Farmland values exceed expectations
Ontario leads the country with 19.4 per cent increase
Average farmland prices were up 12.8 per cent in Canada in 2022, the largest increase seen since 2014 when the increase was 14.3 per cent. The increase follows gains of 8.3 per cent in 2021 and 5.4 per cent in 2020. J.P. Gervais, FCC’s chief economist, said the numbers were a little bit of a […] Read more
Ontario farmland values nearly double national average
Interest rate effects are present, but delayed
High commodity prices and pent-up demand for Ontario property continue to raise farmland values despite higher interest rates. Farm Credit Canada’s (FCC) recent mid-year land values report again highlights across-the-board increases in average farmland values, but Ontario figures are nearly double the national average. FCC analyses highlight an 8.3 per cent increase in farmland values […] Read more
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