High farmland values got even higher in BC in the first half of 2021, according to Farm Credit Canada. A mid-year report from the federally backed agricultural lender said BC farm property values increased nearly 9% as hobby farmers battled commercial growers for rural properties. “This is a significant increase considering that British Columbia has …
farmland value
Farm property assessments increase
There are more farm properties worth more money in BC this year than there were two years ago. The tax roll unveiled this week by the BC Assessment Authority includes 52,073 farm properties with an assessed value of $1.29 billion as of the valuation date of July 1, 2020. This is up from approximately 51,000 …
Farmland values face headwinds
BC farmland values rose 5.4% in 2019, according to Farm Credit Canada’s annual survey released this week. This compared to a 6.1% increase in 2018, and was slightly ahead of the national average of 5.2%. The highest average per-acre value in the province last year was recorded in the Okanagan, at $103,288 as buyers purchased …