The value of farmland in Canada has steadily increased over the past twenty years, no more so than over the last year.
Farm Credit Canada reports the average value increased 22.1 per cent in 2013, the largest rise since at least 1985.
Senior Appraiser Ken Gurney says that reflects the strength of the industry.
“Agriculture is very strong at this point in time across Canada. If the agricultural industry was not strong, then we would not be seeing the increases across this country as we’re seeing at this point in time.”
Alberta’s farmland values rose 12.9 per cent, and have consistently increased since 1993.
However, demand across the country is expected to slow down.