Farm succession is partially motivated by a love of family and land in both generations. Despite tensions between generations and varying expectations, succession works well in some cases. Today, many farms are aggregated parcels of land with equipment, infrastructure and perhaps quota, often incorporated, even if they are family run, and may not include the […] Read more
Tag Archives land prices
25 years of farmland prices
In 1997, the average price for an acre of cultivated farmland in east-central Saskatchewan was $289. A decade later, in 2006, it was $297 per acre, or about $48,000 for a quarter section. Land prices in other parts of Saskatchewan were also flat during that 10-year period. Meanwhile, most landowners in Manitoba and Alberta saw […] Read more
High prices identified as farmland security issue
Senate committee identifies the cost of buying farmland as a deterrent to the next generation of farmers and a threat to land ownership
A group of Canadian senators has published a report that hopes to answer one of the perplexing questions facing western Canadian farm families: how do we keep Canadian farmland in the hands of Canadian farmers? “Farming is a challenging way to make a living at the best of times,” said Senator Diane Griffin, who chairs […] Read more
Canadian land prices still rising
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
Tisdale, Sask., farm sells for $26.5 million
Nearly 8,000 acres sell to Alberta Hutterite colony in what is considered to be one of the largest farm sales in history
What might be Western Canada’s largest operating farm sale took place late last week. At $26.5 million, producer Sam Rey has chosen to take his profits from nine years of farming and leave the business. Miner Creek Farms started when the Swiss immigrant began buying farmland near Tisdale, Sask. In 2007, unlike many parts of […] Read more
Tisdale, Sask., farm sells for $26.5 million
What might be Western Canada’s largest operating farm sale took place late last week. At $26.5 million, producer Sam Rey has chosen to take his profits from nine years of farming and leave the business. Miner Creek Farms started when the Swiss immigrant began buying farmland near Tisdale, Sask. In 2007, unlike many parts of […] Read more
Land prices may not follow crops
While U.S. farmland values are beginning to slump because of a drop in crop prices, Farm Credit Canada thinks western Canadian farmland might escape a similar fate. Prairie land prices didn’t shoot up as much as in parts of the U.S. Midwest, so they might not need to fall at all. “I think we’re in […] Read more
Saskatchewan farmland attracts outside interest
New players | Researchers say nearly 800,000 acres are owned by out-of-province investors
A former Manitoba businessperson who now resides in Alberta has taken a major interest in Saskatchewan. Robert Andjelic said his portfolio of Saskatchewan farmland has grown to 180,000 acres over the past four years. “I’ve been studying the market for a lot longer,” said Andjelic, who previously owned industrial warehousing. “I got bored with retirement […] Read more
Can farmers afford to own their land?
Rising prices since the turn of the century have made farmland an excellent investment, but is it still affordable for producers to own the land they farm? It depends, the chief agricultural economist for Farm Credit Canada told people attending Crop Production Week in Saskatoon Jan. 9. Jean-Philippe Gervais said producers need to look at […] Read more
