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 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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