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Canadian Farmland Values, Interest Rates on the Rise

Farmland values across Canada continued to increase despite rising interest rates during the first half of 2022, a mid-year review by Farm Credit Canada (FCC) said.

“Strong farm cash receipts, buoyed by robust commodity prices, have managed to quell some of the profitability challenges from higher interest rates and farm input costs,” J.P. Gervais, FCC’s chief economist, said in the release. “Producers are still making strategic investments in their operations and buying farmland, which is in short supply and high demand.”

The highest average farmland value increases were reported in Ontario (15.6 per cent), Prince Edward Island (14.8 per cent) and Quebec (10.3 per cent), followed by Saskatchewan (8.4 per cent), which was closest to the national average increase of 8.1 per cent. More modest increases were reported in the rest of the provinces.

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Baling Into The Night ~ McHale Fusion 3 Plus & Steyr 6170 CVT

Video: Baling Into The Night ~ McHale Fusion 3 Plus & Steyr 6170 CVT

This video was filmed on one of my favorite days! I was asked to help out baling with our own Steyr. With the boss driving beside me and his mighty 6630, we were able to knock down a lot of acres and made many bales. Started early in the morning till late in the evening. I also had to bring some bales to a customer and was able to do baling at our own farm. I had one heck of a day and would love to do it all over again!