US EditionAlberta farmland values at new high, prices double from 10 years ago
- Farmland values in Alberta reached new highs in 2024, with the average acre price doubling in the last 10 years, according to the annual report from Farm Credit Canada .
- Northern Alberta had the largest year-over-year increase in farmland value at 11.2%, while the Peace region's scarcity of land contributed to a 10.5% rise in value.
- The average cost of an acre in Northern Alberta is $4,700, compared to $6,400 in the central region, and $18,000 for irrigated land in southern Alberta, reflecting regional price differences.
- J.P. Gervais from FCC stated that strong demand and limited supply are driving farmland value increases across Canada in 2024.
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