We’re still seeing decent demand for farmland in our region.
That’s according to Ryan Parker of Valco Consultants who recently released a study on farmland values in Midwestern Ontario.
It found that there was a ten per cent increase in values between 2022 and 2023, down from an increase of around twenty-five per cent a year the prior two years, with interest rates and commodity prices both playing a role.
Parker says it’s still a good time to sell farmland in the area, especially in Huron and Perth Counties.
“The ones that are selling, there have been quite a few in the last two or three months that have set new highs of well over $35,000 or $40,000.”
In 2023, the average for the eleven counties studied stood at $25,000 per acre.
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