Saskatchewan farmland values jumped 7.4 percent in 2021, about one percent point below the national average.
Farmland values in Saskatchewan continued to rise last year despite drought and the pandemic.
FCC chief agricultural economist, J.P. Gervais, says land values remain strong in Saskatchewan and rose due to low interest rates and strong grain prices.
Gervais says the outlook remains strong this year for farmland values but weather and rising interest rates may be a concern.
The 7.4 percent farmland value rise in Saskatchewan is less than Manitoba’s 9.9 percent but much higher than Alberta’s 3.6 percent increase.