But other parts of the province posted gains, pushing up the provincial average by 2.1 per cent.
That’s less than half the Canada-wide prices which went up by 5.5 per cent.
The FCC figures are for the first half of this year.
The upward trend in farmland prices is because of limited land available to buy and good farm cash receipts, FCC said.
On the other hand, commodity prices have declined and interest rates are high.
FCC said declining interest rates may lead to higher farmland prices.
