Growing farmland values seed transition to non-farmer investment

by Nancy Lanthier

In the past three decades, the average price per acre of Canadian farmland has skyrocketed more than 800 per cent. According to Farm Credit Canada, farmland values rose by approximately 8 per cent in 2023, according to Farm Credit Canada.

After 30 consecutive years of growth, Canadian farmland values increased again in 2023 and are forecast to rise in 2024, says an expert at Farm Credit Canada, a Crown corporation that monitors land sales.

“Limited availability of farmland for sale and expanding demand for what we’re growing in Canada” will continue to propel appreciation in 2024, says FCC’s vice-president and chief economist J. P. Gervais.

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