“We have not yet seen the full impact of higher interest rates on the demand for farmland.” J.P. Gervais.  Graphic: Farm Credit Canada

Farmland values exceed expectations

Ontario leads the country with 19.4 per cent increase

Average farmland prices were up 12.8 per cent in Canada in 2022, the largest increase seen since 2014 when the increase was 14.3 per cent. The increase follows gains of 8.3 per cent in 2021 and 5.4 per cent in 2020. J.P. Gervais, FCC’s chief economist, said the numbers were a little bit of a […] Read more

Four generations of the Cole family enjoying a harvest meal in the field at the family farm near Coronation, Alta.

New investment model provides capital for land acquisitions and farmland improvement

With investments from Area One Farms, an Alberta farmer expands his operation so his kids and their families can return home to farm

It was seven or so years ago that Kurt Cole realized he needed a bigger farm. Three of his five daughters and their families wanted to return home to farm with Cole, so the Alberta grain producer started searching for a way to raise $7 million — the price tag for some nearby land belonging […] Read more


Farmers could benefit financially from this trend

Farmers could benefit financially from this trend

Farm Financial Planner: Urban dwellers pay high prices for small land parcels

There is a trend for city folk to buy country property to get away from the COVID-19 virus, city lockdowns and everything else associated with the world pandemic. It’s a pattern of outmigration from densely populated cities. Farmers are potential beneficiaries. They can sell small parcels at relatively high prices. I have found city folk […] Read more

‘When moisture is the overriding limiting factor to crop yield, even the best land will not pay the mortgage in the long run. The past decade of extra precipitation has led to prices that, I think, are not sustainable.’ – Les Henry.

Les Henry: Farmland prices and net farm income

Beware the other side of the average

We have had recent inquiries about an update on farmland values. Our previous columns on this topic have included only Saskatchewan data. As I began to search for updated data, I stumbled upon Statistics Canada data for all three Prairie provinces. As well, net income from 1926 to 2019 was available. The raw data is […] Read more


At the time of writing, Toban Dyck was days away from finalizing the purchase of 120 acres of cultivated land – and he has a few thoughts on it.

Toban Dyck: Taking the plunge and writing a cheque for farmland

Even for those who want to be risk averse, buying land is a test of attitudes

My wife and I, the corporate collective registered as Burr Forest Acres Ltd., are not averse to risk. This is the adage we repeat to ourselves regularly on the hope that one day we’ll believe ourselves at a deep, foundational level. We are days away from finalizing the purchase of 120 acres of cultivated land. […] Read more



Barbed wire fence through the tall golden grass fields

Sask. farm income and land prices

Land prices are rising but “this time it’s different.” Or is it?

Over the past decade or so I have gathered up data on wheat and land prices in Saskatchewan and converted them to current dollars. That way, we can better judge how we are doing compared to our ancestors. History has a way of repeating itself, so a look back can suggest what might return. I […] Read more

Landscape featuring a harvested grain field.

Interesting twist on high cost of farmland

These high prices are great news for sellers, but they leave buyers out of the game

Just about every farmer I talk to in all parts of the country has a common buyer’s complaint — they want to expand their farming operation but land prices are high. It is difficult for established family farms to grow and new farmers are finding it almost impossible to get into the business on land […] Read more



Saskatchewan Farmland Prices.

90 years of Saskatchewan farmland prices

Saskatchewan land prices have been on the move since 1968. What’s next?

Readers have been asking for an update on farmland prices but I was having trouble accessing the required data. Thanks to Terry Bedard of Saskatchewan Agriculture for sending me recent average price data. This data is just for Saskatchewan. Alberta land prices are changed by many factors that are not related to what is grown […] Read more