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By Alice McFarlane

2025 FCC Farmland Values Report

Prairie farmland continues to be a valuable commodity

Mar 24, 2026 | 9:21 AM

Agricultural land prices in the country continued to climb last year, but the increase was more pronounced in some regions than others.  

Farm Credit Canada (FCC) said Canadian farmland prices rose an average of 9.3 per cent in 2025, on par with the previous year. The biggest bumps were in the Prairie provinces, while growth in Ontario and Quebec was more subdued. 

According to the 2025 FCC Farmland Values Report, Manitoba recorded the largest average farmland value increase at 12.2 per cent, followed by Alberta at 11.4 per cent and Saskatchewan at 9.4 per cent.  

British Columbia recorded a decline in the average value of 1.7 per cent, yet the province has the highest farmland values on average.  

FCC ag production executive vice-president J.P. Gervais said over the past year the Canadian farmland market remained resilient, defying expectations as producers continued to expand their land base.

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“Local conditions, the production mix, the different dynamics in the province will matter a great deal to explain the trends,” Gervais said.  

Farmers made strategic acquisitions, supporting values across cultivated, irrigated, and pastureland nationwide, he added.

“Demand for farmland remained robust, supported by long-term confidence in Canadian agriculture, lower borrowing costs, strong livestock prices and the limited supply of land available for sale,” Gervais said. “The ongoing uncertainties related to trade and tariffs; high input costs and low commodity prices did not deter buyers’ interest in farmland. These factors combined with varying local market conditions will influence future trends in farmland affordability.” 

More than 30 years of increasing farmland values is good news for current owners. It does present a problem to those who want to enter the agriculture sector.  

Gervais said even with those challenges, the long-term outlook for agriculture is encouraging. 

“I’m super optimistic about the future. I think the world needs more of us, more of Canada, frankly, a more Canadian ag, more Canadian food.” 

–

 alice.mcfarlane@pattisonmedia.com