Alberta farmland continues to rise in value

ALBERTA -- The value of farmland in Alberta continues to rise.

This is according to the latest FCC Farmland Values Report, which shows that average cultivated farmland values in the province increased by 11.4 per cent in 2025. This followed a 7.1 per cent increase in 2024 and a 6.5 per cent increase in 2023. Across the country, only four provinces reported higher growth rates in 2025 than 2024: Alberta, Manitoba, New Brunswick, and Prince Edward Island. 

"Demand for farmland remained robust, supported by long-term confidence in Canadian agriculture, lower borrowing costs, strong livestock prices and the limited supply of land available for sale," said J.P. Gervais, ag production executive vice-president at FCC. "The ongoing uncertainties related to trade and tariffs, high input costs, and low commodity prices did not deter buyers' interest in farmland. These factors combined with varying local market conditions will influence future trends in farmland affordability."

Gervais says that while more than 30 years of increasing farmland values is good news for current owners, it can present a significant challenge to those who want to enter the agriculture sector.

He adds that over the past year, the overall Canadian farmland market remained resilient, defying expectations as producers continued to expand their land base and make strategic acquisitions, supporting values across cultivated, irrigated, and pastureland nationwide. Manitoba recorded the largest average farmland value increase at 12.2 per cent, followed by Alberta at 11.4 per cent and Saskatchewan at 9.4 per cent.

There were also strong gains in Atlantic Canada, as New Brunswick showed a 9.1 per cent gain, Prince Edward Island rose by 8.5 per cent. Nova Scotia recorded a more modest 1.6 per cent increase. Elsewhere, farmland values in Quebec increased by 4.8 per cent, while Ontario saw a slower pace of growth at 2.2 per cent following several years of stronger gains. B.C. recorded a decline in the average value of 1.7 per cent, yet the province still has the highest farmland values on average.