GFM Network News

(Dave Bedard photo)

Farmland appreciation continues through pandemic year

FCC report puts Canada's average land value increase at 5.4 per cent

Economic churn across Canada from the global COVID-19 pandemic didn’t faze the country’s real estate market — nor its farmland market in particular — in 2020, according to the latest review from the federal farm lending agency. Farm Credit Canada on Monday released its 2020 Farmland Values report, showing an average increase of 5.4 per […] 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

(Dave Bedard photo)

Canadian farmland trending less affordable in FCC report

Average values continue rising across board

The average value of farmland in Canada is continuing to rise faster than farmers’ ability to generate revenue from it, Farm Credit Canada’s latest Farmland Values Report suggests. The report, released Monday, shows the average value of Canadian farmland rose 5.2 per cent in 2019 over 2018, the smallest year-over-year increase since 2010, and down […] Read more

Alberta farmland value growth second highest in Canada

Alberta farmland value growth second highest in Canada

Taber and Lethbridge held the highest average farmland values in 2016, reaching over $5,800 per acre

Reading Time: 2 minutes While the rate of increase appears to be slowing, average farmland values in Alberta continue to rise. “Farmland values rose rapidly in the 1970s but were met with a substantial decline in the 1980s,” says Aaron Lawson, program assistant, Alberta Agriculture and Forestry (AF). “For the most part, prices recovered by the mid-’90s, and farmland […] Read more

Exciting times for Canadian farmers

Straight From the Hip: Rising farmland values reflect the solid fundamentals that are driving agriculture forward in this country

Reading Time: 3 minutes There is a lot of excitement in Canadian agriculture today. From the tremendous increase in farmland values to food processing — Canada is a country that has it all! In all my travel, I have never met a person who did not want to live, farm, visit or be educated in Canada. The ultimate destination, […] Read more