2023 Canadian farmland value increased 11.5% despite slowing growth, driven by limited supply & robust demand, except for BC's decline.

The value of Canadian farmland increased 11.5% in 2023, according to a report by agriculture lending firm Farm Credit Canada. This represents a slight slowdown compared to the growth in 2022 but still a rapid pace in the context of cooling economic conditions. The limited supply of available farmland and robust demand from farm operations are driving this growth. The latest report found farmland value increases in all provinces tracked except British Columbia, which experienced an average decline of 3.1%.

March 12, 2024
16 Articles

Further Reading