The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Mike Walsten has covered major business trends in agriculture for more than 40 years.
The average value of Canadian farmland rose 10% during the second half of 2012, according to Farm Credit Canada (FCC). That rise follows gains of 8.6% and 6.9% in the previous two six-month reporting periods. The current national average increase of 10% is the highest percentage gain since FCC began reporting on farmland values in 1985. The second highest increase occurred in the first half of 2012, at 8.6%. The last time the average value decreased was by 0.6% in 2000.
Farmland values remained stable or increased in all provinces. Quebec experienced the highest average increase at 19.4%, followed by Manitoba at 13.9% and Ontario at 11.9%.
Saskatchewan and Alberta posted 9.7% and 7.2% average gains, respectively followed by Nova Scotia at 6.8%, Prince Edward island at 5.7% and British Columbia at 0.4%. Values were unchanged in New Brunswick, Newfoundland and Labrador.
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