Farmers are partnering with investors to bolster the agricultural sector CanadiansInvest
Did you know that the largest farmland owner in the country is not even a farmer?
The value of an acre of farmland in Saskatchewan has increased by 391 per cent since 2001, the highest in the country. The highest increase since 2016 is in Manitoba, by 266 per cent. Depending on what is produced, some farmland valuations have increased more than others due to various factors such as location, soil quality, and potential revenues.
Farmland values are being pushed higher in Canada by a series of economic forces. The includes high prices for commodity crops, a robust housing market, an extended period where interest rates were extremely low until recently, and a profusion of government subsidies supporting certain sectors.
As a result, we have seen more farmers renting land instead of owning. Close to 50 per cent of farmers in Canada now rent land instead of owning. Some may see this as a threat to normal ways of producing food and supporting agriculture, but it’s not necessarily a terrible strategy.
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