Canadian farmland values increased at a higher rate in 2017 after a three-year slow-down, but that isn’t necessarily the beginning of a new trend, says Farm Credit Canada chief economist JP Gervais. The agency reported that the national average value increased by 8.4 percent in 2017, up from 7.9 percent the previous year and the […] Read more
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Farmland values rise in Canada
A modest increase in Canadian farmland values last year after three years of declining rates is not necessarily the beginning of a new trend, says Farm Credit Canada chief economist J. P. Gervais. The agency reported that the national average value increased by 8.4 percent in 2017, up from 7.9 percent the previous year and […] Read more
U.S. farmland value set to fall if crop prices remain lacklustre
CHICAGO, Ill. — U.S. farmland is overpriced and a correction is coming, say economists. Brent Gloy, an economist with Agricultural Economic Insights, said U.S. land values were rising until a few years ago because farmers were making lots of money. However, that isn’t the case anymore. Budgets are tight. “Farmers for the last three or […] Read more
Farmland price boom may be ending: FCC
The era of booming farmland values may be coming to an end, says a new report from Farm Credit Canada. From 2011-16 farmland values in Canada increased, on average, more than 10 percent annually. Those double digit gains could be over, for a while, because the FCC is predicting farmland values to rise only one […] Read more
Farmland values still rising on Prairies
Canadian farmland values continued to rise in 2016, but the rate of increase fell for the third consecutive year. The average value of Canadian farmland went up 7.9 percent, which is down from 10.1 percent in 2015, 14.3 percent in 2014 and 22.1 percent in 2013. Surprisingly strong farm cash receipts fueled increases in every […] Read more
Land price rise slows
The rate of increase in farmland values declined last year, and that will likely be the trend, says Farm Credit Canada. The average nationwide increase was 14.3 percent, down from 22.1 percent in 2013 and 19.5 percent in 2012. “While the increases are still significant in many parts of the country, they do suggest we […] Read more
Alberta farmland for sale: $13 million
Farmland prices climbing | Financial experts predict prices will plateau as interest rates start to rise
BARONS, Alta. — The price tag was $9 million when Barry Allen’s 13 quarter sections of farmland were first listed six years ago. Now the price is $13 million, and realtor Brian Patterson says it’s a gift at that. The big number is posted on a billboard along southern Alberta’s Highway 23, where it attracts […] Read more
