Average farmland values in Canada continued to rise in 2015. Nationally and in many key agriculture regions, the average value of farmland increased at a slower pace last year. Overall, there appears to be greater volatility with a higher number of locales where values decreased.
Average farmland values in Canada showed a 10.1% increase in 2015, compared to a 14.3% increase in 2014 and a 22.1% increase in 2013. All provinces saw their average farmland values increase and Manitoba experienced the highest increase at 12.4%. The rate of increase slowed in six provinces.