Ontario Agriculture

The network for agriculture in Ontario, Canada

Canadian Farm Land Values Increased 2.9% during first half of 2009.

Farm Credit Canada’s semi-annual land value survey for the period Jan. 1 to June 30, 2009,
By Farms.com Editors
The average value of Canadian farmland increased 2.9 per cent during the first six months of 2009, following increases of 5.6 and 5.8 per cent in the previous two reporting periods.
Farmland values increased in most provinces. New Brunswick experienced the highest increase at 5.6 per cent, followed by Manitoba, with an increase of 5.5 per cent.
Two provinces experienced similar percentage increases, Quebec (4.3) and Nova Scotia (4.2).
Saskatchewan farmland values continued to rise with a 3.4 per cent increase, followed by Ontario and Newfoundland and Labrador which each experienced an increase of 2.8 per cent.
Alberta had the smallest increase at 1.0 per cent while British Columbia and Prince Edward Island farmland values decreased by 0.7 and 1.4 per cent respectively.

Frank Borszcz, Real Estate Specialist with Farms.com was asked about his thoughts in regards to why farm land prices continued to increase in Canada.

“The low interest rates we have had and the ability to lock in some reasonable long term rates has producers interested in growing,” he said.

“At the same time, there is a pent-up demand for land, on our website www.realestate.farms.com we are seeing a lot of farms selling quickly and the agents are telling me they have lots of buyers for good farmland.”

Good commodity prices in the fall of 2008 carried through to the winter and spring of 2009. Production costs, notably fertilizer and fuel, were down. As a result, buyers have been in the market.

The full Farm Credit Canada Report can be found at www.farmlandvalues.ca

Views: 20

Comment

You need to be a member of Ontario Agriculture to add comments!

Join Ontario Agriculture

Agriculture Headlines from Farms.com Canada East News - click on title for full story

MAPLE LEAF FOODS ANNOUNCES REFRESHED STRATEGIC BLUEPRINT, APPOINTS ADAM GROGAN AND CASEY RICHARDS TO NEW EXECUTIVE ROLES

Maple Leaf Foods, Inc. ("Maple Leaf Foods" or the "Company") (TSX: MFI) today announced an update to the Company's strategic focus and a realignment of its organizational structure, including several executive changes.

Indo-Pacific mission connects Canadian value chain with customers

In the competitive Indo-Pacific market, demand for quality Canadian soybeans is strong. That was the message shared by current and potential customers when the value chain delegation led by Soy Canada visited the region in early February as part of an outgoing mission

Potato wart not detected in national soil survey

Surveillance is an important element of the Government of Canada's efforts to help contain, control, and prevent the spread of potato wart.

Applications for the Youth Employment and Skills Program opening soon

Today, the Minister of Agriculture and Agri-Food, the Honourable Lawrence MacAulay, announced funding of approximately $13.5 million to support a new application intake under the Youth Employment and Skills Program (YESP). The initiative will provide the agricultural sector with help needed to support approximately 1,200 jobs for youth in the sector.

Simcoe County Family Receives 2024 Ontario Mapleseed Pasture Award

The Beef Farmers of Ontario, Mapleseed and the Ontario Forage Council, sponsors of the Ontario Mapleseed Pasture Award, are pleased to announce that the Chalmers family of JPD Angus of Oro-Medonte in Simcoe County are the recipients of the 2024 Mapleseed Pasture Award.

© 2024   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service