'Definitely dissuasive': Skyrocketing farmland prices a struggle for young farmers
- Farmland prices have surged 15.7% in 2023, the highest increase in Canada, making expansion difficult for young farmers, according to Leigh Anderson, an economist with Farm Credit Canada.
- Robbins expressed doubts about expanding his farm due to skyrocketing land prices, stating they are "definitely dissuasive."
- Large farming corporations and out-of-province investors are contributing to rising costs, creating challenges for younger producers with fewer assets for land purchases, a Re/Max Canada report indicates.
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Leaning Left24Leaning Right1Center3Last UpdatedBias Distribution86% Left
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