Rise in Alberta Farmland Value
2013 might have been a wild year for the value of Alberta farms, but a new article from Alberta Farm Express shows that those values have doubled in the past five years:
How expensive is Alberta farmland? Try double what it was just five years ago.
“Over the last five years, we’ve seen cash farm receipts going up across the country and especially in Alberta,” said Joel Bokenfohr, manager of business structures and financial policy with Alberta Agriculture and Forestry.
“We have a strong farm economy where a farm’s investment decisions are now going into purchasing assets — land being the obvious choice.
“That’s really driven up farm values.”
We recommend that you take a look at the rest of the article here. What we see here not only tells us that farms have been doing great financially, but that the investment in Alberta farmland is bound to pay off.