Farmland values continue to outpace inflation costs

Farmland values in Saskatchewan still continue a rising trend. 

Mid-year farmland sales data from Farm Credit Canada shows Saskatchewan farmland averaged an 11.4 per cent increase in price during the first six months of 2023.

That is considerably above the national average of 7.7 per cent.

The report notes no shift in the trend of values but “limited availability of farmland is generally pushing prices higher.”

Effective interest rates on loans, moving to 6.5 per cent from four per cent, has not affected land prices, according to the report.