The average value of Canadian farmland increased 3.6% the last six months of 2009, according to Farm Credit Canada (FCC), a leading provider of business and financial services to farms and agribusiness in Canada. FCC conducts its survey of Canadian land values twice a year. The 3.6% national gain follows increases of 2.9% and 5.6% in the two previous reporting periods.
Farmland values remained the same or increased in each of the country's provinces, FCC says. Manitoba reported the highest average increase at 5.9%. Alberta, Saskatchewan and Ontario posted the next strongest gains, 3.8%, 3.4% and 3.3% respectively. New Brunswick reported a gain of 2.5% followed by Nova Scotia at 1.4% and Quebec at 1.3%. British Columbia, Prince Edward Island/Newfoundland, and Labrador indicated steady land values.
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