What is it that makes some farmland worth $18,000 to $20,000 an acre and other land range from $6,000 to $10,000? It may seem fairly obvious on the surface, but it’s actually a pretty complex set of variables that have to click into place in order for a farmer to hit that upper range. In part one of our three-part series looking at land values in Ontario, we got a general overview of land prices across the province and a quick look at what caused those price variances. In this episode, we look at what makes that land desirable to producers; is it location and utility, is it an investment, or is it opportunity?
In part 2 of our series, Marleen Van Ham, of Agri Choice Real Estate Appraisal, goes through the factors that are driving land prices in Ontario and discusses who it is that’s buying up that farmland.
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