Value of farmland increased in 2022 across country

Mar 14, 2023

The value of farmland across the country rose quite a bit in 2022.

According to Farm Credit Canada’s (FCC) Farmland Values Report, the average price for these properties rose by 12.8 per cent last year.

The average for four provinces was higher than the national average: Ontario (19.4 per cent), PEI (18.7 per cent), New Brunswick (17.1 per cent), and Saskatchewan (14.2 per cent).

Alberta and British Columbia’s values were the lowest among all the provinces, however, they still rose by 10 per cent and eight per cent, respectively.

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Video: Why Invest in Canada’s Seed Future? | On The Brink: Episode 3

Darcy Unger just invested millions to build a brand-new seed plant on his farm in Stonewall, Manitoba so when it’s time for his sons to take over, they have the tools they need to succeed.

Right now, 95% of the genetics they’ll be growing come from Canadian plant breeders.

That number matters.

When fusarium hit Western Canada in the late 90s, it was Canadian breeders who responded, because they understood Canadian conditions. That ability to react quickly to what’s happening on Canadian farms is exactly what’s at risk when breeding programs lose funding.

For farmers like Darcy, who have made generational investments based on the assumption that better genetics will keep coming, the stakes are direct and personal.

We’re on the brink of decisions that will shape our agricultural future for not only our generation, but also the ones to come.

What direction will we choose?

On The Brink is a year-long video series traveling across Canada to meet the researchers, breeders, farmers, seed companies, and policymakers shaping the future of Canadian plant breeding. Each week, a new story. Each story, a piece of the bigger picture.

Episode 3 is above. Follow Seed World Canada to catch every episode, and tell us: Do you think the next generation will have the tools they need to success when they takeover? How is the future going to look?