The average value of Canadian farmland continued its steady climb, increasing by 9.3 per cent last year, according to the latest FCC (Farm Credit Canada) Farmland Values Report.

The Prairie provinces were responsible for most of the increase even with tighter margins for grain producers caused by international trade issues (tariffs) and rising input costs. Record cattle prices were positive factors for sales of pastureland and cultivated land.

Manitoba recorded the largest average farmland value increase at 12.2 per cent, followed by Alberta at 11.4 per cent and Saskatchewan at 9.4 per cent. Quebec farmland values rose an average of 4.8 per cent, while Ontario only reported 2.2 per cent growth and British Columbia declined 1.7 per cent. B.C still has the highest farmland values on average.

The link to the full report is here.

The detailed Saskatchewan statistics for cultivated land and pastureland are in the charts below: