GFM Network News

“Land not paying for itself is more likely to occur now given the ratio of land prices to farm revenues...” – J.P. Gervais, Farm Credit Canada.

What’s the driving force behind Manitoba farmland values?

KAP is going over the Manitoba Farm Lands Ownership Act with a fine-tooth comb

The only way for a young person to acquire farmland, the joke goes, is through the church, since it takes a funeral or a wedding. An inheritance or marriage aren’t the only ways, but the quip underscores that high land prices make it difficult for beginning farmers. “It’s extremely frustrating for me and many young farmers in this area (near Elie,

North Dakota land values hold steady

North Dakota land values hold steady

Below the border, North Dakota cropland values and cash rents remain flat, says Bryon Parman, North Dakota State University agricultural finance specialist. “Despite the lower commodity prices of the last several years, the longer-term averages have been aided by low interest rates, farm programs and ad hoc payment programs designed to help farmers meet cash

Canadian, Manitoba farmland values higher in 2019

Canadian, Manitoba farmland values higher in 2019

The yearly growth has slowed in recent seasons and that trend is expected to continue

Average Manitoba farmland values rose four per cent in 2019, just slightly higher than the 3.7 per cent increase recorded in 2018, Farm Credit Canada (FCC) says in its 2019 Farmland Values report released April 6. The biggest increase — 8.9 per cent — was in the Eastman region followed by 4.7 per cent in

A recent Farm Credit Canada report says land purchases by next-generation producers from producers exiting the industry accounted for many transactions.

A closer look at Manitoba farmland values

Eastman region saw the highest percentage increase at 8.2 per cent

Manitoba’s modest four per cent increase in farmland values in 2019 coincided with a mixed year for farmers. Cereal and canola yields were generally average, with lower yields for soybeans, corn and sunflowers, the Farm Credit Canada (FCC) report says. A lot of potatoes didn’t get harvested due to wet weather, some crops went unharvested, while hay, pasture and feed corn were hurt during

We need to have some type of avenue for young farmers, who are not at 85 per cent equity because this land will not pay for itself.” – Bill Campbell, KAP president

KAP passes resolutions on farmland access

Delegates raised concerns of private investors buying land and squeezing farmers out of the market

Access to land, particularly for young farmers, was front and centre on the second day of Keystone Agricultural Producers’ (KAP) annual general meeting. Two resolutions related to increasing land access passed in the final day of the meeting. The first called on KAP to lobby for tax breaks for landowners who rent or sell to

Manitoba land increased by five per cent in 2017, and 8.1 per cent in 2016.

Prairie farmland values increase in 2018

Lower-valued land sees an increase in demand, indicating land purchases based on proximity

Farmland values across Canada increased by an average of 6.6 per cent in 2018, according to a recently published report by Farm Credit Canada (FCC). Average farmland values increased across all Prairie provinces. Saskatchewan and Alberta saw the highest average increase, both at 7.4 per cent, while Manitoba was below the national average at 3.7

Editorial: Farmland goes ‘loonie’

Farm Credit Canada’s most recent survey of farmland value in Canada landed this week, with a gentle thud. Thud because it showed surprisingly durable gains in farmland values, despite the lower crop values of the past several years, which economic theory at least initially suggests should not be the case. J.P. Gervais, FCC’s chief agricultural

Manitoba farmland regions.

FCC breaks down 2017 Manitoba farmland values by region

The Parkland region saw the biggest average percentage increase, while Central Plains-Pembina Valley was unchanged from 2016

While Manitoba farmland values rose five per cent in 2017, there were regional differences, says the 2017 FCC Farmland Values Report released April 23. “In general, Manitoba saw higher-priced land values remaining relatively stable, while low- to mid-priced land values recorded increases,” the report says. The biggest percentage increase was in the Parkland region at

Rising farmland prices puts agriculture at risk

That’s what the Senate Committee on Agriculture and Forestry says in a recent report

Higher farmland prices make it harder for young farmers to get into farming and or expand, but they have options, says J.P. Gervais, Farm Credit Canada’s vice-president and chief agricultural economist. “I do believe now there are more options for young producers in terms of getting involved in different supply chains that don’t necessarily require