Farm Credit Canada has published its farmland value report for the mid-way mark of 2024, with Saskatchewan leading the way with growth of 7.4%. The overall Canadian average for January to June 2024 sits at 5.4%, despite a challenging financial climate of elevated interest rates and lower commodity prices. All provinces posted positive gains on… Read More
Category: Land prices
A report by Capstone Partners outlines what it will take for widespread farm profitability to return to North American agriculture and how long it may take. Those hoping for a quick reversal of the downward market and profitability trend are likely to be disappointed, as some estimates puts a return to much better financial times… Read More
Farmers and ranchers are responsible for managing the land they own or rent, including ecologically sensitive areas such as riparian areas and wetlands. These areas aren’t always easy to identify, and some of these areas may currently be cultivated and producing crops. Each province has its own goals on conservation of different areas, and there… Read More
The federal government’s plan to raise the capital gains inclusion rate in less than two weeks will increase the tax bill on the sale of a typical Canadian grain farm by 30 per cent, based on research conducted by Grain Growers of Canada (GGC). Grain Growers has written a letter to Finance Minister Chrystia Freeland… Read More
New survey data shows around half of farms that have farmland rental agreements up for renewal this year are expecting rental rates to increase, with some anticipating a significant jump in the land rent component of their cost of production. Rising land rent costs are coinciding with the increasing cost of owning land, as borrowing… Read More
Unless you count volcanic eruptions out at sea (and we don’t), every year there are fewer and fewer acres available for growing food, building houses, or setting aside for habitat. The decision of what should be built where or how land should be used is a complicated, complex, and controversial topic. In this episode of… Read More
Six of Canada’s biggest business and industry associations, including the Canadian Canola Growers Association (CCGA), have written a joint letter to Deputy Prime Minister and Finance Minister Chrystia Freeland asking her to scrap a proposed change to capital gains tax announced in the federal budget last month. In addition to the CCGA, the May 9th… Read More
Canadian farmland values increased at a lower rate in 2023 compared to 2022, but still posted a double-digit average increase at 11.5 per cent. The national average was 12.8 per cent in 2022, according to the FCC Farmland Values Report. The highest average provincial increases in farmland values were observed in Saskatchewan, Quebec, Manitoba and… Read More
Southwestern Ontario is home to some of Canada’s most productive farmland. In recent years, land values have climbed to dizzying heights with competition for top acres driving sales for some farms into the $40,000-per-acre range. But some of the air was let out of the value balloon in 2023, says Ryan Parker from London, Ont.-… Read More