Ont. farmland value continues to increase
By John Miner The London Free Press
A report released this month by Purdue University predicts farmland values in Indiana this year will tumble 8.2 to 8.7 per cent, a decline that comes on top of a state wide decline of farmland values in 2015 of about five per cent.
Ontario farmland has increased in value every year since 1988 and land appraisers have predicted 2016 will continue the streak with prices rising another two to four per cent.
“Part of it is there is a lot more urban pressure in Ontario than there is in most geographies in the U.S.,” said Peter Johnson, a London-area agronomist with Real Agriculture. | READ MORE