Source: Karen Briere, Producer.com, April 26, 2018
In 2017, Saskatchewan saw the highest average increase of 10.2 percent while British Columbia had the lowest increase at 2.7 percent.
Canadian farmland values increased at a higher rate in 2017 after a three-year slow-down, but that isn’t necessarily the beginning of a new trend, says Farm Credit Canada chief economist JP Gervais.
The agency reported that the national average value increased by 8.4 percent in 2017, up from 7.9 percent the previous year and the first increase since the 2013 high.
“I think it’s a sign of a stable and strong farm economy,” Gervais told reporters on a conference call to release the annual farmland values report.
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