2021 Farmland Values – Canada’s farmland market shows strength amid production challenges

Last year brought its fair share of challenges with extreme weather conditions and supply-chain upheavals. Yet the farmland market showed strength as FCC reports an 8.3% increase in 2021 average farmland values in Canada.

Provincial trends
The FCC Farmland Values Report highlights some significant increases in average land values in several areas, with the highest recorded in Ontario (22.2%) and British Columbia (18.1%). Two of the Atlantic provinces follow with increases of 15.2% in Prince Edward Island and 12.3% in Nova Scotia.

Quebec and Manitoba showed similar average increases of 10% and 9.9% respectively, with growth in each region of those provinces being widely dispersed. Saskatchewan followed with an average increase of 7.4%. New Brunswick and Alberta brought up the rear with 5.2% and 3.6% increases, respectively.

Table 1. Average farmland value increases for 2021... Read More