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A farm in Pefferlaw, Ontario. Photo: <a href="https://www.flickr.com/photos/wdwbarber/2943933431/">Bill Barber</a>, Creative Commons, some rights reserved
A farm in Pefferlaw, Ontario. Photo: Bill Barber, Creative Commons, some rights reserved

Ontario farmland continues to soar in value

There has been another healthy increase in the value of Ontario farmland.

Farm Credit Canada's "Farmland Values Report" says the average value of farmland in the province went up by nearly 16 per cent last year, continuing a trend that began in 1988.

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Ontario farmland values increased by 30 per cent in 2012 and by more than 14 per cent in 2011.

Farm Credit Canada says land in the southern areas of the province with the most favourable soil types commanded high market demand, with Huron, Simcoe, Middlesex and Elgin counties leading way with the most significant increases. (CJOJ)

Copyright 2014 The Associated Press. All rights reserved

 

 

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