Farmland is a limited resource, with 80 per cent of Canada's farmland is found in the prairies.
FCC’s senior ag economist J.P. Gervais is expecting farmland values to continue to increase in 2015. He says if you're looking at buying you need to know your operation.
"We expect interest rates to remain low for the foreseeable future. Just make sure that your operation is sustainable, not just from the current year but also the next couple of years," Gervais said.
He adds interest rates and crop receipts are two key drivers when it comes to farmland values.
Source : PortageOnline