Average value of Canadian farmland ticked up 5.4% last year

Farmland in British Columbia and Quebec increased the most in value in 2020, with Alberta rounding out the top three according to Farm Credit Canada’s annual farmland value report.

Despite COVID-19, on average, Canadian farmland values increased by 5.4 per cent, following a just-slightly lower 2019 value of 5.2 per cent growth.

Land in British Columbia and Quebec grew by 8 per cent and 7.3 per cent, respectively. Alberta showed an increase of 6 per cent and Saskatchewan hit 5.4 per cent. Ontario and Manitoba both reported increases that were lower than the national average at 4.7 per cent and 3.6 per cent, respectively.

The Maritime provinces saw the smallest increases in farmland values for 2020, with an average increase of 2.3 per cent for Prince Edward Island, 1.6 per cent for Nova Scotia and 1.3 per cent for New Brunswick. There was insufficient public data for Newfoundland and Labrador.

Listen in to a conversation between JP Gervais and Shaun Haney to hear more about the methodology behind the report, and more. Story continues below the interview.

The report showed a noticeably lower number of sales in early 2020, mostly in April and May, however, the total number of sales for the entire year was like those of the past few years. “Despite a challenging global economic environment, commodity prices increased considerably in the last half of 2020 for many crops, and interest rates have reached historic lows,” the summary reads.

Farmland value growth, 2020. Farm Credit Canada.

Put into context of the last 10 years, this is the fifth year of single digit growth in farmland values. Out of the last decade, values jumped the most in 2013 — a staggering 22.1 per cent.

Read the full report, here.

Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.

Privacy Preference Center


Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.

gdpr, __cfduid, PHPSESSID, wordpress_test_cookie, woocommerce_items_in_cart, woocommerce_cart_hash, wp_woocommerce_session, wordpress_logged_in, wordpress_sec, wp-settings, wp-settings-time, __cf_mob_redir, wordpress_cache, realag


Measuring interactions with the ads on the domain.



These are used to track user interaction and detect potential problems. These help us improve our services by providing analytical data on how users use this site.



Preference cookies enable the website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.

chartdefaults, comment_author, comment_author_email, comment_author_url
JSESSIONID, _os_session,anonymous_votes,csrf-param,csrf-token,user,user-id,user-platform,intercom-session,intercom-lou,intercom-session
personalization_id, tfw_exp


Register for a RealAgriculture account to manage your Shortcut menu instead of the default.