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… Read More
Category: Land prices
The land market has provided a very stable investment opportunity for farmers for quite some time. As the industry looks forward, questions arise on what will happen to the price of land as external variables, such as rising interest rates, sticky input prices and commodity price concerns stack up. In early October, Farm Credit Canada… Read More
Even as inflation continues to grow and increasing borrowing costs have put pressure on farm incomes, farmland values across Canada rose 7.7 per cent in the first half of 2023, according to Farm Credit Canada’s Mid-Year Land Value report. Tight supply has continued to support land appreciation for now, says FCC chief economist J.P. Gervais…. Read More
No matter how you slice it, Ontario’s Ford government took liberties with the rules when it decided to re-draw the boundaries of Toronto’s Greenbelt. (You can read the auditor general’s report about how many liberties, here). A staunch supporter of farmland preservation, Peggy Brekveld, president of the Ontario Federation of Agriculture, says that there’s no doubt… Read More
A controversial proposal to allow up to three severances off an Ontario farm property will be walked back, according to a letter sent to Ontario farm groups by Municipal Affairs and Housing Minister, Steve Clark. The decision comes after several farm groups, led by the Ontario Federation of Agriculture, lobbied the government to drop the… Read More
Fourteen of Ontario’s agriculture organizations are collectively asking the provincial government to pause forward momentum of the proposed Bill 97 and the Proposed Provincial Planning Statement. “We stand in strong opposition to the 3 lot severances per farm parcel proposed in prime agricultural areas as well as other measures that weaken local farmland protection. We… Read More
Tucked into the Ontario Progressive Conservatives’ Bill 97 is a proposed change to severance allowances of farmland that the Ontario Federation of Agriculture (OFA) says could make siting of livestock farms much more difficulty. What’s more, the bill carves out increased power for Ministerial Zoning Orders in the name of housing; however, Peggy Brekveld, president… Read More
If a farm has the capacity to buy land, it’s often stymied by the lack of land for purchase, not an unwillingness to take on the work or the debt. It’s still surprising to learn that about 40 per cent of land being farmed in Canada is being rented, according to Farm Credit Canada (FCC)…. Read More
Ontario and PEI led farmland value growth for Canada in 2022, but each province showed a strong gain in value, according to the annual farmland report put out by Farm Credit Canada (FCC). As a whole, Canadian farmland value increased 12.8 per cent in 2022, an increase from 8.3 per cent growth in 2021, says… Read More
The Government of Saskatchewan has announced that rates paid by producers leasing Crown grazing land remain the same for 2023 and will not be increased. As well, growers leasing Crown land for grazing who have had to reduce stocking rates due to dry conditions are eligible to have rent reduced by up to 50 per… Read More