Farmland prices increased 10 per cent in 2015
By Farm Credit Canada
April 11, 2016, Canada – Farm Credit Canada has released its annual provincial and national overview of land value trends across Canada.
Average farmland values in Canada continued to rise in 2015. Nationally and in many key agriculture regions, the average value of farmland increased at a slower pace last year. Overall, there appears to be greater volatility with a higher number of locales where values decreased.
Average farmland values in Canada showed a 10.1 per cent increase in 2015, compared to a 14.3 per cent increase in 2014 and a 22.1 per cent increase in 2013. All provinces saw their average farmland values increase and Manitoba experienced the highest increase at 12.4 per cent. The rate of increase slowed in six provinces.
The FCC Farmland Values Report provides an annual provincial and national overview of recent land value trends across Canada. Read the 2015 report, gain insight through a video, a webinar and commentary from ag economic experts and access historical land values here.