Episode 222: Canadian Farmland Values: Exploring Trends and Prices w/JP Gervais

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Episode 222: Canadian Farmland Values: Exploring Trends and Prices w/JP Gervais

 

In this week’s episode, Tracy speaks with FCC Vice President and Chief Economist J.P. Gervais about the “2023 FCC Farmland Values Report.”

The FCC Farmland Values Report provides an annual look at the regional land value trends across Canada.

In this episode, Tracy and JP discuss:

• The special milestone of this being the 40th FCC Farmland Values Report. JP shares more about the report and the information it contains.
• JP shares the overall Canada-wide national value for 2023.
• He then shares the results province by province, noting anything surprising.
• How did the 2023 values compare to 2022 and 2021? JP shares more.
• Tracy asks about interest rates, higher costs, and if they are starting to see farmland purchases cooling.
• With elevated interest, higher costs, and lower commodity prices, Tracy asks JP for his thoughts on what the 2024 report will likely reflect.
• JP shares his thoughts on interest rates for 2024, fixed versus variable, and what farmers may expect for interest rates over the next ten years.

If you are curious about the 2023 FCC FarmLand Values Report, click the show link below to access it.

Thanks for tuning in,

Tracy Brunet

 

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* Disclaimer - As always, this information is not intended to provide business or medical advice. To ensure that your own circumstances have been properly considered and that action is taken based on the latest information available, you should obtain professional advice from qualified business or medical professionals before acting on any of the information in this post.
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Show Resources

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Show Guest

J.P. Gervais
Vice-President and Chief Economist

Jean-Philippe (J.P.) Gervais is the Vice-President and Chief Economist at FCC. His insights help guide strategy and monitor risk throughout the corporation. In addition to acting as an FCC spokesperson on economic matters, J.P. provides commentary on the agri-food industry through videos and the FCC Economics blog.

Prior to joining FCC in 2010, J.P. was a professor of agricultural economics at North Carolina State University and Laval University. He’s also a past president of the Canadian Agricultural Economics Society (CAES). J.P. earned his Ph.D. in economics from Iowa State University in 1999.

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The Impact Farming Show

Welcome to Impact Farming, Farm Marketer's video and audio show dedicated to helping Canadian farmers excel in the business of farming. Our goal with this show is to introduce our audience to the people and ideas that are going to make an IMPACT on their farming operation. 

Show Host - Tracy Brunet
CEO of Farm Marketer 

Tracy and her husband are cattle ranchers in South East, Manitoba. As host of the show, primary producer and agvocate, Tracy is passionate about helping farmers succeed in the business of farming. 

In each episode, Tracy chats with today's most successful farm advisors and industry leaders to bring our audience the best and most important ideas. 

Connect with Tracy Brunet - Twitter / Facebook / Instagram / Linked in

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