Canadian Farmland Rises 2.1% Last Half 2010
May 10, 2011
The value of Canadian farmland rose 2.1% the last six months of 2010, according to the bi-annual analysis of 245 benchmark farms conducted by Farm Credit Canada, the nation's leading agricultural lender. That increase followed gains of 3% the first half os 2010 and 3.6% the last half of 2009. When combined, the increase in the average value of farmland across Canada rose 5.1% in 2010.
The highest percentage increase, 3.2%, was found in Prince Edward Island. Saskatchewan was the second highest at 2.7%. Farmland values were either stable or increased in all provinces. New Brunswick and Ontario saw 2.4% growth followed by Alberta at 1.5% and Manitoba at 1.3%. Quebec reported a 0.9% rise, followed by Nova Scotia at 0.6% and British Columbia at 0.4%. Newfoundland and Labrador, reporting as one entity, reported no change in the value of farmland.
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