Canadian Farmland Values Rise 3.8% as Higher Costs and Tighter Margins Slow Growth

Canadian farmland values continued to climb during the first half of 2026, although the pace of appreciation slowed as higher production costs, tighter farm margins and uncertainty surrounding trade and international markets created a more cautious land market.

According to Farm Credit Canada’s latest mid-year farmland values review, cultivated farmland values increased an average of 3.8% nationally during the first six months of 2026, compared with a 6.0% increase during the same period in 2025.

Over the 12 months from July 2025 through June 2026, Canadian farmland values increased 7.0%, also below the 9.3% increase recorded during the previous 12-month period.

“The pace of growth has eased from last year, but Canadian farmland values continue to show resilience,” said Craig Johnston, FCC’s chief economist. “Higher production costs, tighter margins and uncertainty around trade, tariffs and international markets are contributing to a more cautious and selective market.”

SUNUP attends the ExpOSUre - Livestock Docs event at the Oklahoma State Fair, a hands-on, interactive educational workshop for young people in elementary through high school interested in future careers in veterinary medicine.