Source: Aleksandra Sagan, The Canadian Press, April 29, 2019
The average value of Canadian farmland rose nearly seven per cent last year, according to a new report, but that growth rate is likely to be cut in half over 2019 amid ongoing canola trade issues with China.
The 6.6 per cent gain for 2018 comes after an 8.4 per cent jump for 2017 and 7.9 per cent for 2016, according to an annual report released Sunday evening by Farm Credit Canada, an agricultural lender.
Values have increased ever year since 1993, but recent rises are lower than those during 2011 to 2015, according to the report. In those years, average worth spiked between 10.1 per cent and 22.1 per cent.
