The global pandemic introduced several disruptions across the red meat, dairy, grain and oilseed supply chains. Despite the numerous challenges, the agricultural land market has shown strength as higher crop receipts and record-low borrowing costs supported strong demand for land.
According to the latest Farm Credit Canada (FCC) Farmland Values Report, the average value of Canadian farmland increased 5.2% in 2019, tying 2010 for the smallest increase over the past decade. This increase followed gains of 6.6% in 2018 and 8.4% in 2017.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.