Wednesday, September 11, 2013

Investing in Farms, worth it ....

 Buy land. They ain't making any more of the stuff. - Will Rogers

The price of a plot in and around North Gower, Ont., south of Ottawa, has more than tripled since the height of the Great Recession.

Farm prices nationally have risen an average of 12 per cent a year since 2008, according to Farm Credit Canada (FCC), a federal Crown Corporation and the largest lender to Canadian farmers. That’s more than twice the average of the five years from 2003 through 2007, and several times faster than the corresponding rise in home prices over the same period.
 
In Southwestern Ontario, prices have jumped 30 to 50 per cent a year in some counties, according to a recent report by real estate appraiser Valco of London, Ont. The average annual increase since 2010 is 25 per cent across a region where the long-term average is just 3 to 5 per cent.

Farm prices nationally have risen an average of 12 per cent a year since 2008, according to Farm Credit Canada (FCC), a federal Crown Corporation and the largest lender to Canadian farmers. That’s more than twice the average of the five years from 2003 through 2007, and several times faster than the corresponding rise in home prices over the same period.


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