According to Statistics Canada, over half a million acres of productive (class 1-3) farmland was “settled” between 2000 and 2011. This “settled area” on dependable agricultural land grew by 19 percent in Canada, with the largest increase happening in southern Ontario and Quebec. The loss of farmland isn’t a new phenomenon (the last time people… Read More
Category: Land prices
How does that old saying go? Crop prices take the stairs up but the elevator down. It could be said that crop input prices do the exact opposite. Price trends of both variable and fixed inputs seem to march to their own drum. Variable input prices are slow to back off highs; fixed costs can… Read More
There was a time when it was hard for farmers to access credit — so much so that it spurred the creation of a farm credit corporation, now known as Farm Credit Canada. Those old enough to remember FCC’s creation are also old enough to recount the hardship that was farming in the early 1980s…. Read More
As expected with lower crop prices, new data from Farm Credit Canada shows the red-hot market for farmland cooled off in 2014. According to FCC’s annual Farmland Values Report released April 13th, the average value of agricultural land in Canada rose by 14.3 percent in 2014 — down from an increase of 22.1 percent in 2013 and a… Read More
(Yuma, Arizona) – From the desolate, moonscape-like look of the surroundings here, complete with a never-ending vista of foreboding mountains, scattered rock, tumbleweeds, cacti and dirt devils, it’s hard to imagine this part of the world is popularly called America’s winter salad bowl. But it’s true. Farmers in the vast and sparse extreme southwestern part… Read More
While tile drainage has been a part of farming in the U.S. Midwest and Ontario for decades, a growing number of producers in Western Canada are finding they can justify the cost of installing tile in their land. Take Craig Shaw for example. Speaking at FarmTech in Edmonton, the Lacombe, Alberta grain farmer gave three reasons… Read More
Have you recently taken over the farm? Or are you about to begin the hand-over to the next generation? Or, just maybe, your New Year’s resolution was to up your farm business management game. Whatever your reasons, Jacqueline Gerrard, of Backswath Management, will be presenting some top management tips at Crop Connect ’15. The second… Read More
Is your farm in the realty business? Equity on most Canadian farms is generated in two ways — selling the proceeds from production and by owning property with increasing value. Speaking at the Agricultural Excellence Conference in Winnipeg last week, the head of Canada’s largest farmland investment company argued there are situations where farmers would benefit… Read More
Last winter, Wyoming, Ontario, farmer Alfred Noorloos had a big decision to make. A neighbouring farm came up for sale and he wondered whether he should buy it. The beef and cash crop farmer was looking to expand, but was the timing right? Was his operation financially strong enough to justify the expansion? There were… Read More
Recent growth in farm land pricing has outpaced land’s earning capacity. What does this mean for the farm? It means, among many other things, that land is more than even before an indicator of wealth and a business asset in the farming economy. This is good news for farmers who own land, however, it creates… Read More