Canada's Farmland Market Remained Strong In 2020

Mar 15, 2021

Canada's farmland market remained strong and stable during a year marked by turmoil.

That's according to the latest FCC Farmland Value report. According to the study, the average value of Canadian farmland increased by 5.4 percent in 2020, slightly more than the 5.2 percent increase reported in 2019. In Alberta, average farmland values increased by 6 percent in 2020, following gains of 3.3 percent in 2019 and 7.4 percent in 2018. FCC's chief economist, JP Gervais pointed out that since land is the most valuable asset on any farm operation, the land market is a good barometer for measuring the strength of Canadian agriculture.

"Irrigated land remains very strong in Alberta," shares Gervais. "There has been quite a bit of expansion and growth happening in capacity with potatoes for example. All of that I do think is giving a bit of strength to the underlying demand for farmland. I do think that is a reflection of the sustained values that we see in a province, like Alberta, speaks to the increase that we've seen for grains and oilseeds." Gervais concludes that the demand for pasture land has been lower due to the decline in prices for livestock as many industries like the beef and pork industry in Canada and the US have been dealing with the COVID-19 pandemic.

According to the report, the highest average provincial increase for farmland in 2020 was in BC and Quebec with averages of 8 and 7.3 percent respectively. Saskatchewan mirrored the national average increase of 5.4 percent.

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The FarmCast, host Troy Randall speaks with Doug Luedke, Vice President of Service, and Davin Peterson, Executive Vice President of Aftermarket at 21st Century Equipment, to discuss the importance of proactive service and how it helps farmers reduce downtime during their busiest seasons. The conversation focuses on the Winter Service Inspection Program, a comprehensive approach designed to keep equipment running at peak performance and limit costly in-season breakdowns through preventative maintenance and expert technician support.

Doug and Devin explain how 21st Century Equipment’s service teams have evolved to meet the needs of today’s connected machines. With more technology and data integrated into modern equipment, technicians now play a vital role in both mechanical repairs and precision ag support. Through advanced diagnostics, machine monitoring, and John Deere’s Expert Alerts, they can identify and address potential issues before they become major problems—saving customers valuable time, money, and frustration.

Throughout the discussion, the team shares real-world success stories demonstrating how proactive inspections and customer-focused service help maximize uptime and efficiency for every operation. Whether it’s a large tractor, combine, or small mower, the goal remains the same: to provide trusted, reliable support that helps farmers and landowners stay productive and confident in their equipment year-round.