Buying farmland became more costly in 2024, according to Farm Credit Canada.
Tag Archives farmland prices
Farmland becoming less affordable: FCC
Renting land better than buying for cash flow: FCC
Each farm needs to make the decision themselves, but a bit of analysis can help when choosing
Rising farmland values and higher interest rates have swung the affordability pendulum in favour of renting, not buying, farmland.
Skyrocketing pasture prices concern beef producers
Prime cattle regions saw values jump by well over a quarter
The price of pasture land in Manitoba grew faster than anywhere else in the country last year, according to the latest farmland values report from Farm Credit Canada. The report, posted in mid-March, said Manitoba’s pasture land values had increased 19 per cent through 2023, compared to 12.7 per cent in Saskatchewan and 9.6 per
Time to protect Canadian-owned farmland
Young farmers and farmworker leaders call for ban on investor ownership of farmland
Canada is hemorrhaging farmers. Recent reporting shows that 40 per cent of Canadian farm operators plan to retire over the next decade. The majority don’t have a succession plan. The number one barrier facing new farmers is access to farmland. By 2033, a shortfall of 24,000 general farm, nursery and greenhouse workers is expected to emerge. Young farmers
Farmland values still rising, but slower
High interest rates and already high prices are contributing to the slowdown
Average Manitoba farmland prices were up 6.4 per cent in the first half of 2023, slightly below the Canadian average increase of 7.7 per cent. The data, released in an Oct. 3 Farm Credit Canada (FCC) report, shows the province following the national trend. Analysts say the rate of increase is starting to ease. “When
U.S. Lawmakers seek to limit corporate, foreign ownership of farmland
Farm groups, lawmakers are concerned that foreign, investor ownership is driving up prices and threatening national security
Washington | Reuters – U.S. lawmakers from both parties are pushing legislation that would limit who can own American farmland, with a latest effort from Democratic Senator Cory Booker aimed at curbing corporate ownership. Farm groups and lawmakers are concerned that land buys by investors and foreign countries are driving up farmland prices and threatening
Interest rate boost not juicing rental prices
FCC’s latest analysis suggests the effect hasn’t hit home yet
Higher interest rates don’t seem to be affecting the ratio between land values and land rental costs — at least not yet. Farm Credit Canada’s latest analysis of farmland rental prices says they’re roughly maintaining their traditional linkage, says J.P Gervais, the organization’s chief economist. “We were curious to see whether that would bring up
Buy or rent? Land rent-to-price ratio can help farmers decide
FCC sees current ratios on farmland as (roughly) stable
Higher interest rates don’t seem to be affecting the ratio between land values and land rental costs — at least, not yet. Farm Credit Canada’s latest analysis of farmland rental prices says they’re roughly maintaining their traditional linkage, says J.P Gervais, the organization’s chief economist. “We were curious to see whether that would bring up
Comment: Growing farmland inequality in Prairies a problem for all Canadians
Farmers are uneasy about the ballooning acres of investor-owned farmland, and they’re right to be
Real estate is a hot topic in Canada. Most Canadians are acutely aware of how home prices and rents have skyrocketed in the last 15 years or so. In large cities, investor ownership of condos and houses has attracted enough attention that the federal government was prompted to crack down on foreign buyers. Since 2014,
Manitoba farmland values up 11.2 per cent
Prairie provinces all show double-digit increases in farmland values
Average Manitoba farmland prices were up 11.2 per cent in 2022 — slightly below the Canadian average increase of 12.8 per cent. The data was released in a Farm Credit Canada report March 13 and represents the largest increase the province has seen since 2015, when prices rose 12.4 per cent. This year’s increase follows jumps of
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