According to Farm Credit Canada’s latest mid-year farmland values review, cultivated farmland values increased by an average of 3.8 per cent nationwide between January and June. That’s down from the six per cent increase recorded during the same period in 2025, signaling a more cautious market environment.
Despite the slowdown, FCC says farmland remains a resilient asset. Chief Economist Craig Johnston notes that higher production costs, tighter profit margins and ongoing uncertainty surrounding trade, tariffs and international markets are causing buyers to be more selective.
Manitoba was among the stronger-performing provinces, posting a 5.3 per cent increase in farmland values during the first half of the year. Alberta matched that gain, while Prince Edward Island led the country with an 11.9 per cent increase. Quebec followed at 6.2 per cent. British Columbia was the only province to record a decline, slipping 1.9 per cent.
The report highlights growing regional differences across Canada’s farmland market. FCC says land values continue to rise overall, but trends are increasingly influenced by local economic conditions and the profitability of individual farming operations.
The review also suggests momentum has shifted toward the Prairies since the post-pandemic farmland boom began in 2020. While provinces such as Ontario and British Columbia have seen growth moderate significantly, Alberta and Manitoba continue to show relatively strong demand.
Looking ahead, Johnston says recent gains in Prairie farmland values came before a challenging harvest season marked by adverse weather and sharply higher diesel costs. FCC says final crop yields and grain quality could play a major role in determining farmland market activity through the remainder of 2026 and into next year.
Get more info on the mid-year farmland values review by Farm Credit Canada (FCC). here.
