GFM Network News

Up, up, up — farmland prices take another big jump

Up, up, up — farmland prices take another big jump

Strong canola and grain prices along with low interest rates fuel six per cent rise

Reading Time: 5 minutes It’s another good news story — especially if you’re selling farmland. Despite the disruptions caused by the pandemic, Alberta’s farm economy was robust enough to fuel a six per cent jump in land prices last year. That’s the highest price rise between Quebec and B.C., and above the national average, according to the latest land […] Read more

Land prices in Alberta rose at a torrid pace until last year, when they only went up 3.3 per cent. But the march upward resumed in the 12-month period from July 2019 to June of this year.

They ain’t making more: In land we trust — even during a pandemic

Alberta’s farmland values increased at a pace of 8.5 per cent over the past year

Reading Time: 3 minutes COVID-19 has created shockwaves across the agricultural marketplace over the past six months — but has it affected farmland prices? “So far, we’re pretty confident to say no,” said J.P. Gervais, chief agricultural economist for Farm Credit Canada. “Right now, given the data that we have, we see very little impact of the pandemic on […] Read more

Alberta farmland prices rise again

Alberta farmland prices rise again

Reading Time: < 1 minute Farmland prices in Canada are “once again showing modest increases” in the first half of the year — except in Alberta and Saskatchewan, according to the latest report from Farm Credit Canada. While the national average increase was 3.7 per cent, Alberta saw a jump of 8.5 per cent in the 12 months ending in […] Read more

Provincial comparison of farmland values: Annual percent change in farmland values from Jan. 1 to Dec. 31, 2019.

The price of farmland likely to be unaffected by pandemic

The formerly red-hot market has cooled considerably, but the price of land isn’t getting cheaper

Reading Time: 2 minutes The pandemic seems to be impacting almost everything, but not the price of farmland. “I would expect that impacts are going to be minimal,” said J.P. Gervais, vice-president and chief agricultural economist for FCC. “We still have a very limited supply of available land for sale. That was the case in 2019. It was the […] Read more

It's been nothing but up – often by double digits – for Alberta farmland prices according to Farm Credit Canada's annual prices survey. But the latest survey found the increase was variable, with values going up the fastest in both the most expensive (south) region of the province and the least expensive one (Peace).

Farmland prices double in last five years

Many farmers thought prices were out of whack in 2013, 
but time has proven they were wrong

Reading Time: 5 minutes How expensive is Alberta farmland? Try double what it was just five years ago. “Over the last five years, we’ve seen cash farm receipts going up across the country and especially in Alberta,” said Joel Bokenfohr, manager of business structures and financial policy with Alberta Agriculture and Forestry. “We have a strong farm economy where […] Read more

Southern Ontario’s farmland prices have jumped, despite stagnant crop prices. (John Greig photo)

Southern Ontario median farmland price jumps in 2017

The threat of interest rate increases hasn’t dampened the prices southern Ontario farmers are paying for land. The annual Valco study of land values showed an increase in value of 9.76 per cent for farmland sold in 2017 over 2016. This increase is the largest since 2013. The median price for land in the surveyed […] Read more

How to get a handle on farmland prices

How to get a handle on farmland prices

Farm Credit Canada tracks percentage changes across the country, while Alberta Agriculture looks at dollar values in municipalities

Reading Time: 2 minutes Farm Credit Canada’s recently released Farm Land Value Report and a database created by Alberta Agriculture can go a long way to helping producers establish a land value, says a provincial farm business specialist. “According to the new FCC report, Alberta’s change in farmland values was 11.6 per cent which was 1.5 per cent higher […] Read more

Aerial view Alberta farmland

Alberta land prices continue to soar

Farm cash receipts were a ‘pleasant surprise’ last year and that kept upward pressure on land prices

Reading Time: 4 minutes It was another big year for Alberta and Canadian farmland prices, according to Farm Credit Canada’s annual survey. On average, provincial farmland prices jumped by 11.6 per cent, the ag lender said in its 2015 Farmland Values Report while nationally they rose 10.1 per cent. But there are a lot of variations across the province, […] Read more

Photo: Thinkstock

Six numbers in agriculture to make you stop and think

It isn’t as quiet as you might think on the home front. Yes, today’s farms seem stable, but the next evolutionary wave is gaining energy

In 2009, total Canadian net farm income was $2.8 billion. Four years later, it was $10 billion more, with Statistics Canada’s saying a $5.6-billion rise in the total value of farm-owned inventories from the year before accounted for almost all of the increase in total net income in 2013 That inventory increase came from a[...]
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farm fields

The sizzling market for farmland may be ready to take a breather

Alberta land prices are still heading up, but double-digit 
annual rises appear to be over for now

Reading Time: 3 minutes The red-hot market for farmland is showing signs of cooling off. “The more recent sales are still showing some increase, but the increases aren’t what they have been previously,” said Dave Weber, an appraiser with Serecon, an agricultural consulting company. Alberta farmland values were increasing about one per cent a month during 2011 and 2012,[...]
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