Farmland values continue to rise in latest FCC report

Oct 10, 2022

A recent review of farmland valuations by Farm Credit Canada shows that demand is still on the rise.

Climbing interest rates and poor growing conditions are likely to be deciding factors in some areas.

In 2022, the FCC said that the average 12-month change as of July was 13.1% in Canada.

For the prairie provinces, that comes out to 5.8% in Alberta, 14.9% in Saskatchewan, and 13.6% in Manitoba.

In comparison, PEI and Ontario exploded in value, with those being at 26.4 and 27.7% respectively.

From that info, provinces with a higher percentage of arable lands, such as Saskatchewan and Alberta, seem to experience a slower pace of increase in land values, suggesting that competition for land with limited supply, such as in Ontario, drives prices.

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Video: Dicamba Returns for Georgia Farmers: What the New EPA Ruling Means for Cotton Growers

After being unavailable in 2024 due to registration issues, dicamba products are returning for Georgia farmers this growing season — but under strict new conditions.

In this report from Tifton, Extension Weed Specialist Stanley Culpepper explains the updated EPA ruling, including new application limits, mandatory training requirements, and the need for a restricted use pesticide license. Among the key changes: a cap of two ½-pound applications per year and the required use of an approved volatility reduction agent with every application.

For Georgia cotton producers, the ruling is significant. According to Taylor Sills with the Georgia Cotton Commission, the vast majority of cotton planted in the state carries the dicamba-tolerant trait — meaning farmers had been paying for technology they couldn’t use.

While environmental groups have expressed concerns over spray drift, Georgia growers have reduced off-target pesticide movement by more than 91% over the past decade. Still, this two-year registration period will come with increased scrutiny, making stewardship and compliance more important than ever.