INCREASING PRICE OF ONTARIO FARMLAND

Ontario farmland prices continued to climb last year but there were no wild price spikes, says a report from Farm Credit Canada (FCC).
The annual farmland value report said Ontario prices were up 4.4 per cent last year over 2015. While that’s a healthy price increase, it’s down from the double-digit price hikes that farmers saw each year from 2011 to 2014, including the phenomenal 30 per cent land price spike in 2012.
The average price of Ontario farmland rose 5.1 per cent last year in Eastern Ontario. FCC defines Eastern Ontario to include Stormont, Dundas and Glengarry, Prescott-Russell, Ottawa, Leeds-Grenville, Lanark, Frontenac and Renfrew.