Farm Credit Canada says Canadian farmland values rose by an average of six per cent in the first half of 2025 — an acceleration of last year’s gains.
FCC chief economist J.P. Gervais says demand for farmland remained strong in the first half of the year regardless of lower commodity prices.
He says the overall range of sale prices per acre has increased only modestly.
Provinces that had seen strong growth in recent years are seeing softening farmland prices while regions that had previously seen more modest growth are seeing solid gains.
Manitoba led all provinces with 11.2 per cent growth in the first half of 2025, with the Parkland and Westman regions seeing the strongest growth.
Alberta and Saskatchewan saw growth near the national average with 6.6 per cent and 6.0 per cent respectively.
