Spike in 2021 Farmland Values in South-Western Ontario

According to Farm Credit Canada (FCC), farmland values in Ontario increased overall by 22.2%, while the region South-Western Ontario performed even better:

– Average 2020 to 2021 change in farmland values was 25.6%

– Average Annual Change from 2010 to 2021 was 12.06%, and

– South-West Ontario Median Land Value was C$ 17, 963.

The South-Western Ontario Land Values 2021 compares the evolution of prices/acre in regard to individual counties (Bruce County, Elgin County, Essex County, Grey County, Huron County, Kent County, Lambton County, Mild Essex County, Oxford County, Perth County, and Wellington County) in this region of Ontario.

 Crop Yield Figures

Apart from comparing land values evolution per county over the last ten years, the report also provides additional relevant information for farmland operators and investors. It lists per county

–  5-year Average Crop Yields (bushel/acre) for corn, soybeans and winter wheat

What’s your guess regarding crop yields for soybeans in Ontario? Just look at the report and you’ll find out that the counties Perth and Oxford show the best 5-year crop yields of 53 bushels/acre.

While the above mentioned report provides some answers for South-Western Ontario, the website of the Ontario Ministry for Agriculture, Food and Rural Affairs (OMAFRA) allows to compare field crop production estimates by county for a variety of products, from barley, beans & corn to canola, hay, soy and winter wheat (to name a few).

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You want to dig deeper?

If you are more interested in farmland values (to return to the original scope of this article), you might also be interested in reading FIAN’s other posts relating to the evolution of farmland values across Canada:

–        2021 Price/Acre for Farmland in Canada goes up

–         Canadian Farmland Values increase again In 2021