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Canadian Farmland Values Rise 2.1%

OTTAWA - Oct 3/06 - SNS -- Canadian farmland values rose 2.1% during the first size months of 2006, compared to the 1.5% increase recorded during the last half of 2005, reports Farm Credit Canada (FCC).

The largest increase is in British Columbia where values grew by 10.3%. Alberta shows the second largest increase at 3.9%.

Manitoba, along with Newfoundland and Labrador, follow with increases at 2.8 and 2.9% respectively. Ontario and Nova Scotia increased similarly by 2.1 and 2.0% respectively. New Brunswick, Saskatchewan and Quebec increased slightly by 1.1, 0.8 and 0.6% respectively. Values remain steady in Prince Edward Island.

Looking back, the recent period with the strongest gains was 2004 when farmland values rose 2.3% during the first half of the year and 2.2% during the last half. The poorest recent performance was in 2005 when farmland values rose 1.6% the first half of the year and 1.5% the last half.

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