Southwestern Ontario farmland values rose modestly in 2025, bouncing back after a small decline the previous year.
A new report released Friday showed farmland values across 11 southwestern Ontario counties increased by an average of 2.7% this past year, compared to the 1.4% decline registered across the same 11 counties in 2024.
The report, prepared by Ryan Parker, partner and agricultural appraiser at London, ON-based Valco Consultants, pegged the average per acre value of farmland in the 11 counties at $27,258 this past year, up from $26,530 in 2024.
The largest increase in farmland values in 2025 was seen in Bruce County at up 6%, followed by Huron (+4.1%), Essex and Wellington (2.8%), Kent (+2.3%), Middlesex (1.5%), and Elgin (+1.4%). Oxford (+0.7%), Perth (0.5%), and Grey (+0.2%) were little changed. Lambton was the only county to see a year-over-year decline in farmland values, down 3.8% from 2024.
In his accompanying commentary, Parker said the agricultural sector generally held up well in 2025, despite numerous challenges, including weak prices and continued high input costs, dry weather in parts of the province, and trade uncertainty.
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