Canadian farmland values rise nine per cent, but rate of growth on a downward trend

News Snapshot:

Average Canadian farmland values continued their more than 30-year streak of increases last year, but Farm Credit Canada says the rate of growth is slowing and trade disruptions could further dent them. The Crown corporation, which provides financing and other services to the agriculture industry, said in a report Tuesday that the average value of Canadian farmland rose last year by 9.3 per cent. In 2023 it saw an increase of 11.5 per cent, and in 2022 farmland appreciated by 12.8 per cent. The last time farm values shrunk was in 1992. “There’s a little bit of evidence that the...