Farm Credit Canada released their Mid-Year 2022 Farmland Value Report this week. Manitoba saw a below-average increase between January and June of this year but was still above average in the average percent change since July of last year.
Appraiser for Manitoba Peter Alder says that farmland values in the Parkland didn't increase much in the first half of the year.
"For the mid-year review, we generally don't give out the area changes. In this case for the Parkland area, we know it's in that three to four percent increase in land value."
In the most recent Farmland Value Report which was released in the spring, The Parkland saw the largest increase in any area in Manitoba at 17.6%.
"We always have to be careful when we just look at one number, we always look over a period of a couple of years, and maybe we had a little bit of a higher increase last spring because we had to catch up in certain areas, and that resulted in some higher increases in value, but overall I would say that the average that we see, the provincial average is a good picture, and then it varies from region to region."
Alder says that in Manitoba, the Central Plain area saw the highest increases in the first six months of 2022.
