Episode 222: Canadian Farmland Values: Exploring Trends and Prices w/JP Gervais

Impact Farming

In this week’s episode, Tracy speaks with FCC Vice President and Chief Economist J.P. Gervais about the “2023 FCC Farmland Values Report.”

The FCC Farmland Values Report provides an annual look at the regional land value trends across Canada.

In this episode, Tracy and JP discuss:

- The special milestone of this being the 40th FCC Farmland Values Report. JP shares more about the report and the information it contains. - JP shares the overall Canada-wide national value for 2023. - He then shares the results province by province, noting anything surprising. - How did the 2023 values compare to 2022 and 2021? JP shares more. - Tracy asks about interest rates, higher costs, and if they are starting to see farmland purchases cooling. - With elevated interest, higher costs, and lower commodity prices, Tracy asks JP for his thoughts on what the 2024 report will likely reflect. - JP shares his thoughts on interest rates for 2024, fixed versus variable, and what farmers may expect for interest rates over the next ten years.

If you are curious about the 2023 FCC FarmLand Values Report, click the show link below to access it.

Thanks for tuning in,

Tracy Brunet

RESOURCES

2023 FCC FarmLand Values Report: https://www.fcc-fac.ca/en/knowledge/economics/farmland-values-report

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Episode 222: Canadian Farmland Values: Exploring Trends and Prices w/JP Gervais