Farm Credit Canada’s Farmland Values Report shows overall farmland prices in Canada rose by 9.3 per cent last year – the same rate as they did in 2024.
“My assessment would be that supply of available farmland is tight,” J.P. Gervais, ag production executive vice-president at FCC, told reporters in a briefing while highlighting other factors playing into FCC’s valuations.
Acres in Ontario were up by 2.2 per cent in 2025.
It appears farmers are becoming increasingly selective when making these investments.
“The most notable shift in the Ontario market has been in buyer behaviour. Buyers have become increasingly particular, paying strong prices for high-quality cultivated land while avoiding marginal properties, with some preference being given to tiled land,” FCC’s report says. “Purchases were less reactive, as established players were making deliberate, well-considered acquisitions.”