Farmland in Ontario is selling for 6.9 per cent more now than six months ago, reports Farm Credit Canada.
“Limited land for sale has been driving farmland values higher over the last six months,” said J.P. Gervais, FCC’s chief economist.
“With higher interest rates, elevated farm input costs and uncertainty regarding future commodity prices, producers are being cautious with their investments and capital expenditures.”
“Buy land, They’re not making any more of it,” wrote Mark Twain.
