Canadian farmland values increase in 2012
By Farm Credit Canada
Apr. 16, 2013 - Farm Credit Canada (FCC) has released its Spring 2013 Farmland Values Report based on the second half of 2012.
According to the report, the average value of Canadian farmland increased by 10 per cent, but the values varied considerably between provinces, with Quebec showing the highest increase, with 19.4 per cent. Manitoba followed with 13.9 percent and Ontario showed the third-highest change, with an increased of 11.9 per cent.
The FCC report tracks and highlights average changes in farmland values provincially and nationally, which helped producers make more informed business decisions. The two key drivers of the report are strong commodity prices and low interest rates. However, FCC warns that knowing ones risk tolerance is important when assessing to acquire farmland.
The average results per province were as follows:
|Provinces||Percent change in farmland values|
|Nefoundland and Labrador||0.0|
|Prince Edward Island||5.7|
|Average for Canada||10.0|