The 2021 average increase in farmland values isn’t entirely surprising, says J.P. Gervais, chief economist for Farm Credit Canada (FCC), but the magnitude of the increase certainly is. With a weighted average of 8.3 per cent on the year, the significant weather events of the year — the extreme drought for the Prairies and parts of… Read More
According to Farm Credit Canada’s Farmland Values Report, Canadian farmland increased in value by 5.4 per cent in 2020 and 8.3 per cent in 2021, an entire year under pandemic conditions and during an extreme drought for Western Canada. The largest increases were in Ontario (22.2 per cent) and British Columbia (18.1 per cent), followed… Read More
In June of this year, Michael Hoffort will end his 34-year career with Farm Credit Canada (FCC), having spent the last eight years as president and chief executive officer. Hoffort joined FCC in the late ’80s, a decade that was known to be particularly difficult for the farming sector, marked by sky-high interest rates, poor… Read More
The Ontario Federation of Agriculture (OFA) has launched an advocacy campaign called Home Grown in an effort to decrease the loss of farmland to development. “Once it’s paved over, it’s gone forever,” the organization says. Home Grown focuses on protecting and preserving farmland and domestic food production, and is designed to increase awareness on the issue and… Read More
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… Read More
The pandemic has affected the global economy in a broad sense, and there’s a lot of ground to recover from 2020. To help us get a sense of where 2021 is heading in terms of agricultural economics, Bernard Tobin is joined by Craig Klemmer, principle agricultural economist at Farm Credit Canada, who recently presented at… Read More
Average farmland values in Canada crept up an average of 3.7 per cent in the term ending June, 2020, led by growth in Alberta, B.C. and New Brunswick, according to the most recent Farm Credit Canada (FCC) farmland values report. This increase is in line with mid-year results over the past five years, which showed… Read More
As we enter the second month of physical distancing and economic shut down during the COVID-19 pandemic, discussions have begun on easing restrictions and potentially allowing some people to get back to work. But we don’t know how long that might take, or when it will happen, or what the economic recovery will look like… Read More
Canadian farmland values are still growing, but at a slower rate year-over-year, according to Farm Credit Canada’s most recent Farmland Values Report. The average value of Canadian farmland increased by 5.2 per cent in 2019, compared to 6.6 per cent in 2019, and 8.4 per cent in 2017. While still positive, 2019 also marks five… Read More
Early March has brought a very bearish tone to the commodity and equity markets due to concerns regarding the coronavirus. As a result, both the Bank of Canada and the U.S. Federal Reserve aggressively cut their key rates 50 basis-points. The possibility of both countries making even stronger cuts in the coming months is likely… Read More
Near the end of November and into December, Manitoba Agriculture will have its auction for Crown land leases. “The former Department of Agriculture conducted extensive consultations with stakeholders on the allocation of agricultural Crown lands,” says Blaine Pedersen, minister of agriculture and resource development. “The auction system is a fair and transparent approach that will… Read More
We’ve seen results from an early-campaign survey on what Canadians are worried about in regards to food, and we’ve heard from each of the four main parties heading into this federal election. But what I want to know is, what are YOUR priorities, Canadian agriculture? As media, I watched the debate, I interviewed Sylvain Charlebois… Read More
Call it a pause, though maybe not a correction, in the farmland value trend in Canada. It’s not a complete surprise, given the bull run land values have been on for years, but what does it mean for those looking to buy, sell, or rent? J.P. Gervais, chief agriculture economist with Farm Credit Canada, says… Read More
Area One Farms, an investment firm that builds equity partnerships with Canadian farmers, has announced the launch of Area One Farms Fund IV and Fund V. The two funds will offer investors the “opportunity to invest in equity partnerships with Canadian farmers and farmland.” According to a press release, Fund IV will offer Canadian institutional… Read More
After trending lower over the last four years, the rate of appreciation in farmland values regained momentum in 2017, based on Farm Credit Canada’s annual farmland values report. After rising by 7.9 percent in 2016, FCC says the national average increased by 8.4 percent in 2017. “I have to say I was a little bit… Read More
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