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(Dave Bedard photo)
General, Markets

Rate of rise in farmland value ‘surprised’ in 2021

Canada books 8.3 per cent year-over-year increase, FCC reports

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MarketsFarm — Despite a year of economic uncertainty due to extreme weather, reduced crop yields and the COVID-19 pandemic, the value of Canadian farmland rose by its highest rate in four years, according to a report from Farm Credit Canada (FCC). FCC’s report, released Monday, revealed that the national average value of farmland increased by […] Read more
Cropland in the Overberg region of South Africa’s Western Cape province. (Nini/E+/Getty Images)
General, Reuters

South African plan to allow land expropriation fails to pass

Constitutional amendment defeated by ruling ANC's opponents on both sides

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Johannesburg | Reuters –– A proposal to change South Africa’s constitution to explicitly allow expropriation of land with no compensation failed to win the two-thirds of parliamentary votes that it needed on Tuesday. Lawmakers debated whether to change Section 25 of the constitution to enable authorities to seize land to address racial land inequalities left […] Read more
Urban development and farmland at Stratford, Ontario. Land use policy needs to prioritize agriculture, says Wayne Caldwell, professor of rural planning and development at the University of Guelph. Photo: SkyF/iStock/Getty Images Plus
Features

Protecting farmland through rural land planning

Thoughtful municipal land use policy, producer involvement needed to save agricultural land from urban development

By
With 20,000 to 25,000 hectares of Canada’s agricultural land lost annually to urban development, rural land planning that prioritizes agriculture is a necessity, says one expert. “Protecting farmland is also about protecting the farmer, and through that process, we end up protecting food and food production capacity as well,” says Wayne Caldwell, professor of rural […] Read more
(Dave Bedard file photo)
General

Manitoba’s education tax phase-out begins

Budget pledges a 25 per cent rebate cheque in 2021; existing farmland school tax rebate to be reduced

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Manitoba’s latest budget follows through on a move the government telegraphed in last fall’s throne speech, by starting a phased removal of education tax on farm and residential properties. Finance Minister Scott Fielding’s budget, released Wednesday, calls for about $248 million in education tax rebates in 2021 alone for about 658,000 property owners. Owners of […] Read more
(Lightguard/iStock/Getty Images)
General, Weather

Saskatchewan to pare school tax mill rate for farmland

EPT mill rates to rise for residential, other properties

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Saskatchewan’s latest budget taps down the education property tax (EPT) mill rate it sets on farmland, while raising those mill rates on other property classes. The provincial government, in Tuesday’s budget, set the provincewide EPT mill rate on agricultural land for 2021 at 1.36, down slightly from the previous rate of 1.43. EPT mill rates […] Read more
(Dave Bedard photo)
General, Markets

Farmland appreciation continues through pandemic year

FCC report puts Canada's average land value increase at 5.4 per cent

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Economic churn across Canada from the global COVID-19 pandemic didn’t faze the country’s real estate market — nor its farmland market in particular — in 2020, according to the latest review from the federal farm lending agency. Farm Credit Canada on Monday released its 2020 Farmland Values report, showing an average increase of 5.4 per […] Read more
File photo of a rye field in Kazakhstan. (Stsmhn/iStock/Getty Images)
Crops, Reuters

Kazakhstan’s president orders ban on foreign ownership of farmland

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Almaty | Reuters — Kazakhstan will permanently ban foreigners from owning or renting farmland in the vast central Asian nation, President Kassym-Jomart Tokayev said on Thursday, ending a lengthy dispute that once prompted anti-government protests. Kazakhstan is a major producer of grains, oilseeds and meat in the former Soviet region sandwiched between China and Russia […] Read more
(RonTech2000/iStock/Getty Images)
Crops

Manitoba crop conference recovers allegedly phished funds

Court order frees event organizers' money from frozen account

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The organizers of one of the last big Prairie farm events held before the onset of the COVID-19 pandemic have recovered funds temporarily lost to an alleged phishing scam. The CropConnect Conference — an annual crop production and farm management conference co-organized by Manitoba grain, oilseed and pulse grower groups — has received back almost […] Read more
Crops, Reuters, Weather

Monday’s storm hit an estimated 37.7 million acres in U.S. Midwest

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Chicago | Reuters — A storm packing hurricane-force winds on Monday impacted 37.7 million acres of farmland across the Midwest, including 14 million in Iowa, the Iowa Soybean Association said on Friday, citing estimates from the U.S. Department of Agriculture. The toll from the derecho storm has worsened as farmers and grain handlers have spent […] Read more

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