* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, June 26, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Frontdoor Announces Tech Expert Dr. Bala Ganesh as Chief Technology Officer – Business Wire

    Frontdoor Appoints Tech Visionary Dr. Bala Ganesh as New Chief Technology Officer

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    China’s Military Introduces Mosquito-Sized Drones: A Game-Changing Surveillance Technology – Indian Defence Review

    China Unveils Mosquito-Sized Drones: Revolutionizing Surveillance Technology

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Promising Technology Stocks To Follow Today – June 22nd – MarketBeat

    Top Technology Stocks to Watch Today – June 22nd

    Technology Convergence Report 2025 – The World Economic Forum

    Technology Convergence Report 2025 – The World Economic Forum

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Frontdoor Announces Tech Expert Dr. Bala Ganesh as Chief Technology Officer – Business Wire

    Frontdoor Appoints Tech Visionary Dr. Bala Ganesh as New Chief Technology Officer

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    China’s Military Introduces Mosquito-Sized Drones: A Game-Changing Surveillance Technology – Indian Defence Review

    China Unveils Mosquito-Sized Drones: Revolutionizing Surveillance Technology

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Promising Technology Stocks To Follow Today – June 22nd – MarketBeat

    Top Technology Stocks to Watch Today – June 22nd

    Technology Convergence Report 2025 – The World Economic Forum

    Technology Convergence Report 2025 – The World Economic Forum

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home News

Pay dirt: Farmland values spiking across Southwestern Ontario

March 19, 2024
in News
Pay dirt: Farmland values spiking across Southwestern Ontario
Share on FacebookShare on Twitter

One of Canada’s richest farm belts, whose land and climate make it able to produce almost anything that grows in Canada, Southwestern Ontario is also fertile ground for rising farmland prices.

Published Mar 18, 2024  •  4 minute read

Wayne Flanagan of McCutcheon Farm Drainage buries plastic drain lines on farmland near Nine Mile Road north of London on March 14, 2024. Mike Hensen/The London Free PressWayne Flanagan of McCutcheon Farm Drainage buries plastic drain lines on farmland near Nine Mile Road north of London on March 14, 2024. Mike Hensen/The London Free Press

By: Brian Williams, Local Journalism Initiative reporter

One of Canada’s richest farm belts, whose land and climate make it able to produce almost anything that grows in Canada, Southwestern Ontario is also fertile ground for rising farmland prices. Brian Williams reports on how the region stacks up in the latest farmland value report by lender Farm Credit Canada.

Advertisement 2

This advertisement has not loaded yet, but your article continues below.

Windsor Star

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY

Subscribe now to read the latest news in your city and across Canada.

Unlimited online access to articles from across Canada with one account.Get exclusive access to the Windsor Star ePaper, an electronic replica of the print edition that you can share, download and comment on.Enjoy insights and behind-the-scenes analysis from our award-winning journalists.Support local journalists and the next generation of journalists.Daily puzzles including the New York Times Crossword.

SUBSCRIBE TO UNLOCK MORE ARTICLES

Subscribe now to read the latest news in your city and across Canada.

Unlimited online access to articles from across Canada with one account.Get exclusive access to the Windsor Star ePaper, an electronic replica of the print edition that you can share, download and comment on.Enjoy insights and behind-the-scenes analysis from our award-winning journalists.Support local journalists and the next generation of journalists.Daily puzzles including the New York Times Crossword.

REGISTER / SIGN IN TO UNLOCK MORE ARTICLES

Create an account or sign in to continue with your reading experience.

Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.

Sign In or Create an Account

or

Article content

Article content

THE BIG PICTURE

Just like home prices, farmland prices rose across the country last year – up an average 11.5 per cent overall from the year before, down slightly from the previous year. Prices for cultivated farmland rose in every province tracked by Farm Credit Canada except for British Columbia, which saw an average 3.1 per cent decline in prices but which is home to the costliest farmland in the country. In Ontario, prices rose by an average 11.5 per cent, with variations within the regions that make up the province. Farm Credit Canada bases its valuations on sales and also establishes price ranges for farmland that factor out the highest- and lowest-selling outlier properties.

SOUTHWESTERN ONTARIO

Compared to 2022 and 2021, when the provincial averages soared by 19.4 and 22.2 per cent, respectively, the jump in farmland prices in Ontario cooled last year, the fallout – the FCC reports – of higher interest rates and lower commodity prices. Realtors reported fewer bidders for properties up for sale.

Even at that, however, the different zones that make up Southwestern Ontario, from west of Toronto to the Michigan border, and north up the Bruce Peninsula, chalked up sizeable increases in farmland value ranging from 8.5 to 13.3 per cent. An area the FCC calls the South West zone, which it says includes Perth, Huron and Oxford counties, had the highest per-acre price at nearly $33,000 an acre, up 13.1 per cent last year. The southern zone, made of up Middlesex, Elgin, Lambton and Essex counties, and Chatham-Kent, ranked third in per-acre value at about $23,000, and had the second-highest rate of increase in the province at 13.3 per cent over 2022. That area takes in some of the most valuable land in Ontario, said Hillary Kerkvliet, a senior appraiser with the FCC.

By signing up you consent to receive the above newsletter from Postmedia Network Inc.

Article content

Advertisement 3

This advertisement has not loaded yet, but your article continues below.

Article content

“Middlesex saw some of the bigger increases, Elgin County had a couple of pretty sizable increases as well,” Kerkvliet said, adding “Chatham-Kent was a little bit slower,” than past years.

The FCC’s Central West area,  which includes Wellington County, Kitchener-Waterloo and Peel, had the second-highest, per-acre value in the province at almost $28,000. Average per-acre prices were put at just under $21,000 in the nearby South East region – Norfolk, Brant and Haldimand counties, and the Niagara area.

0315 lf farm

WINNERS/LOSERS

Analysts are reluctant to get into picking winners and losers from rising farmland values, but it’s clear from the numbers – average values in Canada have gone nowhere but up over the last 10 years, and by double-digit rates in nearly half of those – that landowners, who can be producers or investors, are the winners, especially when they cash out. On the flip side, depending on where in the province the land is located, higher prices make it that much tougher for younger farmers to break into the business and some producers to expand.

BEHIND THE INCREASES

Advertisement 4

This advertisement has not loaded yet, but your article continues below.

Article content

Demand, even in a climate of rising values, is a key driver behind the increases, said Kerkvliet. “There’s still a lot of people out there looking to increase their land base or getting into farming,” she said. And a good year for farmers in Southwestern Ontario, where major cash crops include corn and soybeans, helped to cushion the effect of higher interest rates. Location and soil conditions, which influence crop yields, also play a role in the value of farmland, Kerkvliet said.

Another factor that affects land value is the type of crop grown, said appraiser Dan Laven, who works in the Chatham-to-London area and owns Oakview Appraisals. For example, he noted, “you can make more (money) farming tomatoes, but there’s only certain lands that are appropriate for growing tomatoes.”

THE OUTLOOK

Laven said he saw the FCC report and believes it’s a bit “dated.” He said he’s spoken with real estate agents and believes the farmland market is becoming a bit more stable, with some “downward pressure on prices.” He didn’t want to speculate, but said he believes future values will depend on variables such as whether “interest rates come down (and) if commodity price come back up.”

Kerkvliet, similarly, said there are too many factors to predict where the market is headed but said key determinants include farmland income and interest rates.

[email protected]

@BrianWatLFPress

The Local Journalism Initiative is funded by the Government of Canada

Recommended from Editorial

These Wallaceburg residents were taking advantage of a beautiful, warm, sunny winter day to take their dogs for a walk at the St. Clair National Wildlife Area near Pain Court. Seen here from left is Richard Grey with his bernedoodle and Daryl and Lindsay Ethier with their two goldendoodles.

As temperature records tumble, farmers fret about warm winter fallout

An Oxford County farm is shown in this file photo. (Greg Colgan/Woodstock Sentinel-Review)

Ontario homes bill could cost Oxford County 10% of its farmland, staff warn

Article content

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Windsor Star – https://windsorstar.com/news/local-news/pay-dirt-farmland-values-spiking-across-southwestern-ontario

Tags: FarmlandnewsValues
Previous Post

Fire causes $100,000 damage at Wheelton Manor

Next Post

Restaurants to donate portion of proceeds to Amherstburg Meals on Wheels Wednesday

Tokyo Lifestyle Makes Strategic Move into Australian Market with Premium Store in Sydney Chinatown – Stock Titan

Tokyo Lifestyle Makes Strategic Move into Australian Market with Premium Store in Sydney Chinatown – Stock Titan

June 26, 2025
First images from world’s largest digital camera reveal galaxies and cosmic collisions – NBC News

First images from world’s largest digital camera reveal galaxies and cosmic collisions – NBC News

June 26, 2025
Spirit Airlines Rebrands Travel Options: First, Premium Economy, Value – One Mile at a Time

Spirit Airlines Unveils Exciting New Travel Options: First, Premium Economy, and Value Classes

June 26, 2025
Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

June 26, 2025

Vanderburgh County Health Department Takes Bold Action Against Vaccine Hesitancy

June 26, 2025
Why Trump needs the world to believe Iran’s nuclear program is ‘obliterated’ – CNN

Why Trump Wants the World to Believe Iran’s Nuclear Program Is Completely Destroyed

June 26, 2025
House panel wrangles on rail safety technology – FreightWaves

House Panel Sparks Debate Over the Future of Rail Safety Technology

June 26, 2025
The Desert Sun unveils its Top Spring Athletes: History-makers and record-breakers – The Desert Sun

Meet This Spring’s Top Athletes: History-Makers and Record-Breakers Revealed!

June 26, 2025
HUD to move into the National Science Foundation headquarters, no current plan on where to relocate NSF employees – Government Executive

HUD to move into the National Science Foundation headquarters, no current plan on where to relocate NSF employees – Government Executive

June 25, 2025

Protecting the Boundless Future of U.S. Science: Tackling Tomorrow’s Challenges Today

June 25, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (698)
  • Economy (718)
  • Entertainment (21,613)
  • General (15,573)
  • Health (9,757)
  • Lifestyle (723)
  • News (22,149)
  • People (719)
  • Politics (725)
  • Science (15,936)
  • Sports (21,214)
  • Technology (15,702)
  • World (698)

Recent News

Tokyo Lifestyle Makes Strategic Move into Australian Market with Premium Store in Sydney Chinatown – Stock Titan

Tokyo Lifestyle Makes Strategic Move into Australian Market with Premium Store in Sydney Chinatown – Stock Titan

June 26, 2025
First images from world’s largest digital camera reveal galaxies and cosmic collisions – NBC News

First images from world’s largest digital camera reveal galaxies and cosmic collisions – NBC News

June 26, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version