New survey data shows around half of farms that have farmland rental agreements up for renewal this year are expecting rental rates to increase, with some anticipating a significant jump in the land rent component of their cost of production. Rising land rent costs are coinciding with the increasing cost of owning land, as borrowing... Read More
Category: Land prices
Unless you count volcanic eruptions out at sea (and we don't), every year there are fewer and fewer acres available for growing food, building houses, or setting aside for habitat. The decision of what should be built where or how land should be used is a complicated, complex, and controversial topic. In this episode of... Read More
There are many priorities that influence how land is used — the need for housing and economic development often drives the conversion of farmland and natural habitat into urban or suburban landscapes, but food security, productivity, biodiversity, crop or livestock prices, renewable energy policy, and of course, NIMBYism are among the many factors that can... Read More
Six of Canada's biggest business and industry associations, including the Canadian Canola Growers Association (CCGA), have written a joint letter to Deputy Prime Minister and Finance Minister Chrystia Freeland asking her to scrap a proposed change to capital gains tax announced in the federal budget last month. In addition to the CCGA, the May 9th... Read More
Canadian farmland values increased at a lower rate in 2023 compared to 2022, but still posted a double-digit average increase at 11.5 per cent. The national average was 12.8 per cent in 2022, according to the FCC Farmland Values Report. The highest average provincial increases in farmland values were observed in Saskatchewan, Quebec, Manitoba and... Read More
Southwestern Ontario is home to some of Canada's most productive farmland. In recent years, land values have climbed to dizzying heights with competition for top acres driving sales for some farms into the $40,000-per-acre range. But some of the air was let out of the value balloon in 2023, says Ryan Parker from London, Ont.-... Read More
Man, was I excited on Friday. There was an absolute buzz over whether the Toronto Blue Jays were going to sign Shohei Ohtani. The entire fan base was plane-tracking, crossing fingers, and hoping that Ohtani would take the organization to the promised land. The Blue Jays were in the mix as a finalist, along with... Read More
Farm Credit Canada (FCC) tracks changes in farmland values closely. This week, FCC published its Mid-Year Land Values report, and in it, puts overall average growth of Canadian farmland in the first six months of 2023 at 7.7 per cent. There were pullbacks in the rate of growth in some provinces — B.C., Ontario, and... Read More
The land market has provided a very stable investment opportunity for farmers for quite some time. As the industry looks forward, questions arise on what will happen to the price of land as external variables, such as rising interest rates, sticky input prices and commodity price concerns stack up. In early October, Farm Credit Canada... Read More
Even as inflation continues to grow and increasing borrowing costs have put pressure on farm incomes, farmland values across Canada rose 7.7 per cent in the first half of 2023, according to Farm Credit Canada's Mid-Year Land Value report. Tight supply has continued to support land appreciation for now, says FCC chief economist J.P. Gervais.... Read More