Canadian farmland values continue to increase at slowed rate
By Farm Credit CanadaFeatures Business & Policy Farm Business Business/Policy Canada Market news Sustainability
April 24, 2017 – Farm Credit Canada reports, despite slower growth in farmland values, the outlook for agriculture on the prairies is positive.
Farm Credit Canada’s latest Farmland Values Report shows, while farmland values increased in 2016, the rate of that increase slowed for the third consecutive year.
Canada’s farmland values showed an average increase of 7.9 per cent in 2016, compared to a 10.1 per cent increase in 2015 and a 14.3 per cent increase in 2014.
“The impact of some of the key farmland value drivers appear to be fairly consistent across Canada,” said J.P. Gervais, FCC Chief Agricultural Economist. “Levelling out of commodity prices and some challenging weather conditions may have taken some of the steam out of farmland values and hopefully this moderating effect will turn into a trend.” READ MORE
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