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Farmland prices, on average, were up 12.4 per cent and 10.1 per cent in Manitoba and Canada, respectively, says Farm Credit Canada’s chief economist J.P. Gervais. The annual rise in farmland values is slowing, but still expected to be positive in 2016 so long farm cash receipts remain stable.
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Manitoba, Canadian farmland values up again in 2015

Farm Credit Canada says the annual percentage increase in farmland values is getting smaller

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Manitoba farmland values led the way with the highest average percentage increase in Canada last year, says Farm Credit Canada (FCC). But the pace of increases the last few years here and across Canada is slowing in step with the plateauing of farm cash receipts, and slower drop in interest rates, J.P. Gervais, FCC’s chief […] Read more
Swaledale, a dale (valley) in Yorkshire. (CIA.gov)
Livestock, Reuters

England’s farmland prices fall ahead of Brexit vote

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London | Reuters –– Farmland prices in England fell by 3.2 per cent in the first quarter of this year — the largest quarterly decline since 2008, weighed partly by uncertainty ahead of the June 23 referendum on European Union membership, estate agent Knight Frank said. Knight Frank’s Farmland Index fell to 19,538 pounds (C$35,881) […] Read more
(Dave Bedard photo)
Crops, Markets

Saskatchewan farmland off limits for pension plans next month

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Reuters/Staff — New rules for buying farmland in Saskatchewan, Canada’s biggest wheat- and canola-growing province, will take effect Jan. 4, and toughen its ban on pension plans investing, the provincial government said Monday. The changes make more explicit an existing ban on pension plans and trusts from buying land and continue to limit purchases of […] Read more
Australia’s Treasurer Scott Morrison, shown here earlier this year, has blocked the sale of S. Kidman’s farmland holdings to overseas bidders. (ScottMorrison.com.au)
Beef Cattle, Livestock, Markets, Reuters

Australia blocks foreign firm’s deal for largest farm owner

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Sydney | Reuters –– Australia on Thursday blocked the sale of the country’s largest landowner, private farming group S. Kidman and Co., to foreign investors, saying an agricultural area the size of South Korea should remain in Australian hands. Ownership of farmland is a sensitive political issue in Australia amid concerns that foreign buyers are […] Read more
Traffic between Delhi and Agra. Prime Minister Narenda Modi is urging reforms to free up land for roads and other development. (CIA.gov)
Crops, Reuters

India’s Modi battles opposition to key land reform

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New Delhi | Reuters — India’s opposition parties boycotted Prime Minister Narendra Modi’s latest attempt to build consensus around a business-friendly land bill Wednesday, boding badly for his ambitious agenda of economic reform in a parliament session that starts next week. Almost half of India’s 31 chief ministers spurned Modi’s invitation to meet him in […] Read more
Crops, Reuters

S. Africa’s proposed ban on foreign land ownership aimed at farms

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Johannesburg | Reuters — A South African government proposal to ban foreign nationals from owning land will apply to farms, not residential property, a government minister was quoted as saying Tuesday. In his State of the Nation address last week, President Jacob Zuma said foreigners would be barred from owning land and South African citizens […] Read more
Australian countryside near Bendigo, northwest of Melbourne. (CIA.gov)
Crops, Markets, Reuters

Australia tightens rules over foreign buying of farmland

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Sydney | Reuters –– Australia tightened rules on Wednesday over foreign ownership of its agricultural land amid concerns that it is losing control of its own food security, slashing the amount beyond which land purchases would require regulatory approval. From March 1, foreign purchases of agricultural land over A$15 million (C$14.51 million) will be subject […] Read more
(Dave Bedard photo)
Crops, Markets, Reuters

Sask. eyes tougher rules on investor farm buys

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Saskatoon | Reuters — Saskatchewan is likely to tighten what are already some of North America’s strictest rules for purchasing farmland, as it looks to fend off big money managers hungry for what they see as a winning investment. The province, whose fertile plains grow more wheat than Argentina, has become the latest front in […] Read more

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