Value of provinces farmlands grows

Staff ~ The Telegram
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The average value of farmlands in the province increased by four per cent during the second half of 2008, says Farm Credit Canada.

The company, which provides business and financial services to farms, released its annual farmland values report this morning.

"While we've seen volatility in market and input prices, land values across Canada have either increased or remained steady," said RÉmi Lemoine of Farm Credit Canada in a release.

"This is good news for producer who view their land as an asset for production and also as an investment."

Nationally, the report found farmland values increased 5.6 per cent during the last six months of 2008.

The report is available at www.FarmlandValues.ca.

Organizations: Farm Credit Canada

Geographic location: Canada

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Recent comments

  • Graham
    July 02, 2010 - 13:20

    With all the manure Williams and his government have been spreading lately no wonder the value is gone up. ABCD

  • NL_Expatriate@yahoo.ca
    July 02, 2010 - 13:09

    With all of our forests you would think ORCHARDS would also be an option especially with the advances in orchard technologies.

    Humber Valley Orchards.

  • Graham
    July 01, 2010 - 20:02

    With all the manure Williams and his government have been spreading lately no wonder the value is gone up. ABCD

  • NL_Expatriate@yahoo.ca
    July 01, 2010 - 19:44

    With all of our forests you would think ORCHARDS would also be an option especially with the advances in orchard technologies.

    Humber Valley Orchards.