Farm Credit Canada (FCC) tracks changes in farmland values closely.
This week, FCC published its Mid-Year Land Values report, and in it, puts overall average growth of Canadian farmland in the first six months of 2023 at 7.7 per cent.
There were pullbacks in the rate of growth in some provinces — B.C., Ontario, and Manitoba especially — but nearly all still posted a very solid growth rate.
It does seem that inflation, drought, lower commodity prices, and increase interest rates are starting to weigh on land sales, but the question now is… what happens next?
We want to know where you think land values are headed for the second half of 2023.