FCC Farmland Values Report -- Fall 2011

This video explores the highlights of FCC's Fall 2011 Farmland Values Report, including how land is valued, the factors that go into changes and a breakdown of values across the country.

Key Points
• Farmland is an essential resource for agricultural production and a source of wealth for farmland owners.
• Many factors impact farmland values, but ultimately it's a matter of supply and demand.
• The average value of farmland in Canada increased by 7.4% during the first six months of 2011, following gains of 3% and 2.1% in the previous two six-month periods.
• Farmland values remained stable or increased in all provinces. Saskatchewan (+11.6%) and Ontario (+6.6%) saw the largest increases.
• The prospects for farmland values in Canada are good -- growth in developing countries and overall world population can result in an increased demand for food products. However, there are many risks that could negatively affect the demand for farmland.
• Producers need to decide their growth strategy for themselves, regardless of farmland values.

Category:

Education

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