Cultivated farmland rental rates increased in 2022

Jan 16, 2024

Farmers renting land across Canada experienced an average rent increase of 2.55 per cent in 2022, according to Farm Credit Canada.

Rate of increase varied by province and within each province.

Prince Edward Island led the increases at 4.35 per cent.

Number two was Saskatchewan with an average increase of 3.1 per cent. Rental increases within the province ranged from 1.45 per cent for lighter soil land to 5.5 per cent for heavier soil.

Third highest rent increase was Alberta with an average 2.6 per cent, varying from 1.2 per cent to 5.4 per cent

Manitoba rent increased an average 2.4 per cent with a low of 1.2 per cent to a high of 4.95 per cent.

The rent-to-price ratio is determined by dividing the cash rental rate per acre by the cultivated acres and value per acre

As a proportion of crop revenue Saskatchewan rent averaged 14 per cent; Alberta ran at 18.7 per cent; and Manitoba was 14.7 per cent.

About 40 per cent of Canadian crop land is rented.

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Video: A Farm Song (Busy) | Parody of A Bar Song (Tipsy) by Shaboozey

Lyrics:

My days begin with workin’, Alarm’s at 5 o’clock,
I Fill 5 gallon buckets, The feeders and the troughs,
This five to nine ain’t workin’, why the heck do I work so hard?,
I can’t worry ‘bout health problems, I can sleep in when I’m gone,

One, here comes the two to the three to the four,
Tell em’ ‘buy another cow, we need plenty more’,
Blue jeans are gettin’ dirty, what else could I ask for,
Oh my, more chores

Someone pour me up another shot of sweet tea,
They know me and working hard’s got a history,
There’s another flock of sheep that still needs feed,
Everybody on the farm gettin’ busy,

Everybody on the farm gettin’ busy,
Everybody on the farm gettin’ busy,

I’ve been working pretty stressed but,
I ain’t changing for some cash,
Lord knows that I’m very blessed (More chores),
But I gotta say it’s hard,
Workin’ outside gettin’ charred,
Living out here on the farm, (more chores)

One, here comes the two to the three to the four,
Tell em’ ‘buy another cow, we need plenty more’,
Blue jeans are gettin’ dirty, what else could I ask for,
Oh my, more chores

Someone pour me up another shot of sweet tea,
They know me and working hard’s got a history
There’s another 20 chickens that still need feed,
Everybody on the farm gettin’ busy,

Everybody on the farm getting’ busy,
Everybody on the farm gettin’ busy,

Fun, here on ranch that’s what you can’t ignore,
Might be pretty hard but I love it to its core,
Flannel’s gettin’ dirty, what else could I ask for,
Oh my, more chores (Tell ‘em sing with me)

Someone pour me up another shot of sweet tea,
They know me and working hard’s got a history,
There’s another flock of sheep that still needs feed,
Everybody on the farm gettin’ busy,
Someone pour me up another shot of sweet tea,
They know me and working hard’s got a history,
Watching cattle in the dark, don’t miss me,
Everybody on the farm gettin’ busy,
(Yeeeeeehaw)
Everybody on the farm gettin’ busy,
Everybody on the farm gettin’ busy,
It’s the best bro, go get yourself a farm