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Canadian Farmland Values Rise
REGINA - Mar 29/04 - SNS -- Canadian farmland values rose an average 1.5% during the last half of 2003, with average values up in all provinces except Newfoundland, according to data assembled by Farm Credit Canada (FCC).
A rise in Canadian farmland values from July 1 to January 1, 2004 marks the eighth consecutive overall six-month increase. The study's findings are based on 245 benchmark properties from coast to coast.
"Land is one of the major assets required for agricultural production," says Jay Henryk, Assistant Vice-President, Valuation and Credit Policy at FCC. "Our report provides detailed information to help producers and agribusiness operators make sound management decisions about buying and selling land, which, in turn, helps them to grow, diversify and prosper."
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