Location: 113 3rd Avenue West Biggar, Saskatchewan
Mailing Address: P.O. Box 1054 Biggar, Saskatchewan S0K 0M0
FCC Farmland Values Report -- Fall 2012
Regina, Saskatchewan, October 9, 2012 – According to a new Farm Credit Canada (FCC) Farmland Values Report,
the average value of farmland in Saskatchewan increased by 9.1% during the 1st half of 2012.
In the first half of 2012, farmland values in Saskatchewan increased an average of 9.1%. This followed gains of 10.1% and 11.6% in the two previous reporting periods, continuing a trend of price increases that began in 2002.
Strong commodity prices, coupled with a positive harvest outlook, led to an increased demand for land and higher land prices throughout the majority of the province.
The overall optimism in the marketplace, along with low interest rates, had some farmers looking to expand and renters approaching landlords to purchase land before it sold to someone else. Other farmers considered selling their land to take advantage of the highest prices in recent history.
While there was strong demand in most of the province, areas in the southeast that were affected by flooding in 2010 and 2011 did not see significant activity in sales, and therefore saw little change in land value.