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Balance sheet of the agricultural sector, December 31, 2025

The value of Canada's farm sector equity rose by $54.5 billion (+6.5%) to $888.9 billion as of December 31, 2025. Farm equity rose in every province, except British Columbia (-1.7%). Equity gains in Alberta (+11.6%) and Saskatchewan (+9.9%) accounted for more than three-quarters of the national increase.

Total farm asset values hit $1 trillion
The value of total assets grew by $66.7 billion (+6.7%) from the same date one year earlier to $1.1 trillion as of December 31, 2025. The value of farm real estate was responsible for close to three-quarters of the rise in total assets value. All provinces, excluding British Columbia and Newfoundland and Labrador, recorded increases in the value of farm real estate. The higher farm real estate values were mainly due to gains in the value of farmland, which was up by $46.4 billion (+6.5%) to $759.7 billion in 2025.

Following two consecutive years of double-digit declines, the value of crop inventories rebounded compared with the same date one year earlier, increasing by $1.7 billion (+6.9%) to $25.7 billion as of December 31, 2025. Improved growing conditions over the past two years contributed to higher on-farm stocks (+11.5%), which was the primary source of the overall increase in crop inventory values in 2025. This increase occurred despite the continued downward price pressure (-4.1%) driven by higher production levels and ongoing geopolitical tensions.

The value of poultry and market livestock inventories grew by $4.8 billion (+29.2%) to $21.3 billion as of December 31, 2025. The increase was largely the result of higher prices for most of the poultry and market livestock commodities, as inventory levels for most livestock were stable. The value of poultry and market livestock inventories was up in every province except Prince Edward Island (-2.7%).

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