The value of Canadian farmland rose 11.5% in 2023, according to a new report by agriculture lending firm Farm Credit Canada. While, overall it's a slight slowdown from the growth in 2022, it's still a rapid pace given cooling economic conditions overall.
The lender's latest report on farmland values found that they increased in every province tracked except for British Columbia. The highest increases in average farmland value last year was in Saskatchewan.
Ken Gurney is a senior appraiser with Farm Credit Canada. He'll discuss some of the factors behind an increase in land values on the prairies.
The Farm Credit Canada Young Farmer Summit brings farmers under the age of 40 together to dig into the business side of farming, connect with peers, and pass on knowledge to producers that will help them take their operation to the next level.
Erica Leniczek is a Masters Counselling Psychology Candidate, Keynote Speaker and Crisis Responder from Marwayne, Alberta. She shares ways to reduce stress and explains psychological safety in agriculture.
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