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Farmland values continue to rise in 2016, but that’s not the whole story. J.P. Gervais compares the national and provincial averages and the factors that influenced them.
•The 2016 national average in farmland values increased by 7.9%
•Multiple signs show farmland values increases slowing down
•Most significant increases occurred in P.E.I, Alberta and Nova Scotia
•Healthy Canadian ag sector and low CDN dollar help sustained the increase
•Available land and actual demand still the most important drivers in the marketplace