Alberta Investing $7 million in East Central Irrigation Project

Dec 06, 2022

The Alberta government along with the Municipal District of Acadia, the Special Areas Board and the Canada Infrastructure Bank, are investing $7 million to continue the planning of a large-scale irrigation project to be located in east central Alberta, a Dec. 5 news release said.

“Historically, irrigation has been a game-changer when it comes to increasing sustainable primary crop production. The east central project has the potential to help grow the agri-food sector and support a diversified value-added processing industry,” Nate Horner, Alberta minister of agriculture and irrigation, said in the release.

Planning for the irrigation project will include preliminary engineering design, environmental and regulatory considerations and potential financing options, the release said. It’s expected to take up to 24 months to complete and will inform the next steps in the irrigation project.

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Video: Cheapest States to Buy Farmland in America

The United States has more than 895 million acres of farmland, which includes all rural land tied to farming operations, from highly fertile Midwest cornfields to vast grazing ranges in the West, as well as the undeveloped rural land, which is often sold as ranches, homesteads, or uncultivated lots. Nowadays investing in rural land is very lucrative even billionaires like Bill Gates, Jeff Bezos, and Warren Buffett have bought up thousands of acres of farmland across America. In contrast to investors, agricultural companies, and business moguls, some buy farmland for their own requisites, like starting a small farmstead, creating a cottage, and becoming self-resilient. In this video we have ranked the top cheapest states to buy farmland according to the per-acre land value, which is accumulated from the United States Department of Agriculture. The USDA’s per-acre land values come from an annual survey, which is cross-checked with actual sales data, appraisals, and market trends to ensure accuracy. So here are The top Cheapest States to Buy Farmland.