Farmland Rent-to-Price Ratio Higher in 2022

Apr 25, 2023

A Farm Credit Canada analysis has revealed a slight increase in the national rent-to-price ratio for cultivated farmland in 2022.

The national rent-to-price (RP) ratio in 2022 was 2.55%, compared to 2.5% in 2021, FCC said in a release Monday. A ratio trending lower suggests that cash rental rates are appreciating at a slower pace than land values, while an increase in the ratio indicates that rental rates are increasing faster than land values. Obtained by crossing cash rental rates and the Farmland Values Report data, the rent-to-price ratio can help producers make decisions around buying versus renting land.

The RP ratio decreased from last year in almost all provinces, except for Alberta and Saskatchewan, where it increased to 2.6% from 2.2% and 3.1% from 3.0%, respestively. On the other hand, the RP ratio for Manitoba eased to 2.4% from 2.5%, and fell to 1.4% from 1.45% in Ontario.

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Video: New research chair appointed to accelerate crop variety development

Funded by Sask Wheat, the Wheat Pre-Breeding Chair position was established to enhance cereal research breeding and training activities in the USask Crop Development Centre (CDC) by accelerating variety development through applied genomics and pre-breeding strategies.

“As the research chair, Dr. Valentyna Klymiuk will design and deploy leading-edge strategies and technologies to assess genetic diversity for delivery into new crop varieties that will benefit Saskatchewan producers and the agricultural industry,” said Dr. Angela Bedard-Haughn (PhD), dean of the College of Agriculture and Bioresources at USask. “We are grateful to Sask Wheat for investing in USask research as we work to develop the innovative products that strengthen global food security.”

With a primary focus on wheat, Klymiuk’s research will connect discovery research, gene bank exploration, genomics, and breeding to translate gene discovery into improved varieties for Saskatchewan’s growing conditions.