Farm Credit Canada’s annual report on regional land value trends shows that farmland across Canada continues to steadily rise in value.
According to the 2022 Farmland Values Report, “the average value of cultivated Canadian farmland increased by 12.8% in 2022. This is the highest increase recorded since 2014 and follows gains of 8.3% in 2021 and 5.4% in 2020. This increase occurred amid strong farm income, elevated input prices and rising interest rates. The demand for farmland remained robust and the supply of farmland available for sale continued to be limited.”
In addition to downloading the full report, you can use FCC’s interactive map to view land values across Canada. Economic analysis on farmland affordability and 2022 farmland rental rates are also available.
Find the full report and more on the FCC website.
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