Ontario Farmland Values Rise 46 Per cent In Four Years

By Amanda Brodhagen, Farms.com

Ontario farmland prices have gone up in value by 46 per cent over the last four years according to new findings reported by the Municipal Assessment Corporation (MPAC). This assessment is based from farmer-to-farmer sales which is legislated by section 19 (5) of the Assessment Act. In comparison, farm properties have gone up in value by 34 per cent during the same four year period. The assessment report looked at residential properties, farm properties and farmland.  More information about this announcement can be found on the MPAC website.