Canadian farmland prices increase 8%

The average value of Canadian farmland increased 8.4% in 2017, following gains of 7.9% in 2016 and 10.1% in 2015, according to the 2017 FCC Farmland Values Report by Farm Credit Canada (FCC), Agweb.com reports.

Since 1993, Canadian farmland values have increased every year, but the recent increases are lower than the 2011-to-2015 period. For instance, the year-over-year increase marked in 2012 was 19.5%, and 2013 showed a 22.1% jump in values.

The most expensive farmland, in part due to limited available land and producer demand, is in British Columbia. For 2017, farmland values in the Okanagan agricultural region averaged nearly USD 92,000 per acre, while the South Coast agricultural region averaged around USD 89,000 per acre. Meanwhile, the northern/Peace region of British Columbia averaged USD 1,500 per acre.

In Ontario, the province with the most farms, per-acre farmland values ranged from USD 3,600 to USD 17,000.

Reference: in late 2017, MPs of Ukraine voted in support of the recommended by the agrarian committee bill No. 7350 on the extension of the moratorium on the sale of agricultural land for another year.