Ontario farmers continue to spend big money on farmland, especially in the southwest part of the province. According to the annual Southwestern Ontario Land Values report from Valco Consultants, the median price paid for an acre of farmland in this region of the province came in at $12,710 in 2017, an average increase of 9.7... Read More
Category: Land prices
Canada is losing farmland each day. It's not technically disappearing, mind you, it's being bought up, levelled, and paved over for new suburbs and shopping malls. It's also being speculated on, sometimes by surprising buyers — maybe it's local farmers, but more likely by an investment fund looking to cash in on the seemingly endless... Read More
If there's one thing expanding farming in Northern Ontario will require, it's money. Financial backing. Bankrolling. Investment. Whatever name you give it, securing land is only a part of the cost of starting farming — new land must be cleared, cleaned up, and tiled if it's to be improved to at least a Class 3.... Read More
Farm Credit Canada recently released its 2016 farmland values report, which breaks down farmland value changes by province. For Canada, the average of 7.9% growth in the value of farmland is certainly good news for those looking to sell or leverage land, but it does represent a slight cooling in farmland prices from 2015, when... Read More
Cities and towns are approving land development now that may not happen for a decade. If we're to protect farmland from being swallowed by ever-expanding municipal boundaries, we need to act now to stop it, says Keith Currie, president of the Ontario Federation of Agriculture (OFA) . Currie's organization is one of 16 farm groups... Read More
In the past, farms looking to grow simply bought more land, but that's not as easy as it used to be. Rising land prices are forcing producers to be creative in finding opportunities for growth, which in some cases leads to joint ventures, mergers and acquisitions — the topic of this episode of the Mind... Read More
The majority of respondents to the Saskatchewan government's farmland ownership review this summer said they oppose foreign ownership and investors such as Canadian pension funds purchasing farmland in the province. More than 3,200 people submitted their views during the consultation process that ran from May 20 to August 10. The results were published on Wednesday.... Read More
According to Statistics Canada, over half a million acres of productive (class 1-3) farmland was "settled" between 2000 and 2011. This "settled area" on dependable agricultural land grew by 19 percent in Canada, with the largest increase happening in southern Ontario and Quebec. The loss of farmland isn't a new phenomenon (the last time people... Read More
How does that old saying go? Crop prices take the stairs up but the elevator down. It could be said that crop input prices do the exact opposite. Price trends of both variable and fixed inputs seem to march to their own drum. Variable input prices are slow to back off highs; fixed costs can... Read More
There was a time when it was hard for farmers to access credit — so much so that it spurred the creation of a farm credit corporation, now known as Farm Credit Canada. Those old enough to remember FCC’s creation are also old enough to recount the hardship that was farming in the early 1980s.... Read More