GFM Network News

Southern Ontario median farmland price jumps in 2017

Reading Time: 2 minutes The threat of interest rate increases hasn’t dampened the prices southern Ontario farmers are paying for land. The annual Valco study of land values showed an increase in value of 9.76 per cent for farmland sold in 2017 over 2016. This increase is the largest since 2013. The median price for land in the surveyed […] Read more

Farmland prices, on average, were up 12.4 per cent and 10.1 per cent in Manitoba and Canada, respectively, says Farm Credit Canada’s chief economist J.P. Gervais. The annual rise in farmland values is slowing, but still expected to be positive in 2016 so long farm cash receipts remain stable.

Manitoba, Canadian farmland values up again in 2015

Farm Credit Canada says the annual percentage increase in farmland values is getting smaller

Reading Time: 4 minutes Manitoba farmland values led the way with the highest average percentage increase in Canada last year, says Farm Credit Canada (FCC). But the pace of increases the last few years here and across Canada is slowing in step with the plateauing of farm cash receipts, and slower drop in interest rates, J.P. Gervais, FCC’s chief […] Read more

Six numbers in agriculture to make you stop and think

It isn’t as quiet as you might think on the home front. Yes, today’s farms seem stable, but the next evolutionary wave is gaining energy

In 2009, total Canadian net farm income was $2.8 billion. Four years later, it was $10 billion more, with Statistics Canada’s saying a $5.6-billion rise in the total value of farm-owned inventories from the year before accounted for almost all of the increase in total net income in 2013 That inventory increase came from a[...]
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Is it time to sell your land?

Have prices peaked, or will you regret taking the price you can get in 2015?

Reading Time: 3 minutes With the heat leaking out of ag real estate markets north and south of the border, you can almost see landowners starting to ease back in their armchairs, settling in for a good, long wait. As an investment strategy, in fact, that might be a wise choice. All eyes are on the market, wondering if[...]
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With near-term forecasts on North American farmland ranging from steady to down 25 per cent, most experts are saying now is the time for a long-range view.

Has the price of farmland flatlined?

It may seem like the life has gone out of land markets, but don’t call the morgue just yet

Reading Time: 6 minutes If you get most farmers and landowners to talk about it candidly, most will admit to being a bit awestruck by just how far and how fast land prices have risen. Simon Ellis, a young fourth-generation farmer from near Wawanesa, Man., says he and his neighbours have watched over the past decade as land prices[...]
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Charles Forman’s farm was a typical 200 acres when he began in 1973. Now the farm is 2,400 acres, with grains, vegetables, greenhouse crops, a biomass pelletizing operation and more.

So close, so far

Farming in eastern Ontario takes a special breed

Reading Time: 6 minutes The area isn’t for everyone, Charles Forman tells me. Squeezed between three of Canada’s most densely populated urban centres — Montreal, Ottawa and Toronto — farming here is almost eerily anonymous. Even other farmers across the province or all across the country easily overlook the farming that goes on in eastern Ontario.  Not that the[...]
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Stymied by bidding wars and by farms that get sold without ever hitting the market, young farmers like Manitoba's Dustin Williams are too often mere bystanders

Too young to grow?

Canada’s next generation of farmers are smart, ambitious — and trapped on small acreages

Reading Time: 7 minutes As land prices ride high across Canada, it’s a struggle for young and mid-career farmers to compete against established farms and outside investors to buy land, or even to find it. They also need to ask themselves some tough questions. How much can I afford to pay? Can I service the debt? And then there’s[...]
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