Canadian farmland values increased by nearly 10 per cent in 2025.
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.
Nationally, Manitoba saw the highest individual increase.
Farmland values there increased by 12.2 per cent between Jan. 1 and Dec. 31, 2025.
Regionally in the province, irrigated land in the Westman and Central Plains-Pembina Valley areas were valued the highest topping out around $15,100 per acre.