FCC Farmland Values Report
The FCC Farmland Values Report is one of the highlights for many in the ag industry. It was just released and we wanted to share the details with you.
Canadian farmland values went up 8.3% in 2021.
Saskatchewan farmland values rose at a rate of 7.4% which is up substantially from the 2020 increase of 5.4%.
The most important growth in values was observed in the eastern regions of the province. Weather conditions had an influence on market values throughout the province, although the east side of the province generally saw higher increases since it was less impacted by the drought. Historically low interest rates, crop insurance payouts and a significant jump in commodity prices helped offset lower-than-average yields. The supply of available Saskatchewan farmland could not keep pace with an increase in demand, leading to higher market values. With the tight supply and listings selling quickly, there were fewer active properties on the market.
For the full report click the link below:
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