Saskatchewan leads the country in dryland farmland values for the first half of 2023

Oct 10, 2023

Farm Credit Canada has released its mid-year dryland farmland values report for 2023.

Leigh Anderson, a senior economist with FCC says dryland farmland values were up 7.7 per cent nationally.

Saskatchewan led the country with dryland farmland values up 11.4 per cent, Manitoba came in at 6.4 per cent while Alberta only saw a 3 per cent increase.

Anderson says there are a number of factors influencing prices but a key issue is the growing conditions.

"It's been a little bit drier in Alberta and that is probably showing up in the farmland markets. Now, if you head into Saskatchewan, we saw the highest appreciation through the first six months. A lot of that was driven by strong production the last few years and of course, strong commodity prices. Manitoba, there were some regions that had some strong appreciation the last several years, so maybe we're starting to see some of that settle down into Manitoba."

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Video: A chain harrow is a game changer

Utilizing a rotational grazing method on our farmstead with our sheep helps to let the pasture/paddocks rest. We also just invested in a chain harrow to allow us to drag the paddocks our sheep just left to break up and spread their manure around, dethatch thicker grass areas, and to rough up bare dirt areas to all for a better seed to soil contact if we overseed that paddock. This was our first time really using the chain harrow besides initially testing it out. We are very impressed with the work it did and how and area that was majority dirt, could be roughed up before reseeding.

Did you know we also operate a small business on the homestead. We make homemade, handcrafted soaps, shampoo bars, hair and beard products in addition to offering our pasture raised pork, lamb, and 100% raw honey. You can find out more about our products and ingredients by visiting our website at www.mimiandpoppysplace.com. There you can shop our products and sign up for our monthly newsletter that highlights a soap or ingredient, gives monthly updates about the homestead, and also lists the markets, festivals, and events we’ll be attending that month.