The average value of cultivated Canadian farmland increased by 9.3% in 2024. This is slightly less than the 11.5% increase recorded in 2023. FCC has reported a national trend of increasing farmland values for more than 30 years and 2024 continues the streak. The overall trend reflects the ongoing demand for quality farmland, influenced by various economic and environmental factors.

To read more about the 2024 Farmland Values and view FCC’s full report, click here.