This report describes changes from January 1 to December 31, 2018. It provides one source of information to help producers manage risk and make informed business decisions.
The average farmland value in Canada continued its steady climb in 2018, driven by fewer but more strategic investments by producers.
The average value of Canadian farmland increased 6.6 per cent in 2018, following gains of 8.4 per cent in 2017 and 7.9 per cent in 2016.
Farm operations need to exercise caution, especially in regions where the growth rate of farmland values exceeded that of farm income in recent years. They also need to review the financial risks they are exposed to.
Knowing the cost of production can help producers understand the impact of fluctuations in commodity prices and interest rates and/or unforeseen variations.
