Who is Really Buying the Neighbour's Farm?
- SWI Appraisals
- Jan 6
- 2 min read
In the "Respondent Perceptions of Farmland Buyers" section of University of Guelph’s 2023 Farmland Value and Rental Value Survey we see detailed responses from those directly involved in the agricultural sector—primarily farmers. The survey data reveals that, on average, respondents believe that 80% of farmland transactions in their areas involve farmland being purchased by other farmers. This suggests a trend of farmland predominantly remaining within the farming community. The report also notes significant regional variations in these perceptions, with reported percentages ranging from as low as 8% in Peel to 100% in Perth. Such differences reflect local economic factors, the availability of agricultural land, and urban expansion pressures, which are crucial for policymakers and agricultural stakeholders to consider when planning for the future of agriculture and land use.
Field Notes
After serving on the Appraisal Institute of Canada - Ontario Board since 2016, including a term as President, Kim has concluded her tenure. Yet, her journey in volunteering is far from over—stay tuned for what’s next!
VIDEO: Shaun Haney of Real Agriculture Media summarizes FCC’s Farmland Rental figures for Canadian land rent in 2023.
As always, Spring Farm Show Season was really busy for us. This year we were proud to support;
London Farm Show - London, ON
Dairy Xpo - Stratford, ON
Grain Farmers of Ontario, March Classic - London, ON
Drayton Farm Show - Drayton, ON
Poultry Industry Council, AG Advisor’s Day - Elora, ON
PS:
Feeling overwhelmed with all the farm succession planning content out there? We’ve made a top 10 list just for you! Top 10 Considerations to Successfully Navigate Farm Succession Planning.
Ready to get a handle on the value of your farm? Contact farms@swiappraisals.com or call 519-763-5956 to discuss!
Want to skip the back and forth? Request your farm appraisal directly: Request Farm Appraisal.
DISCLAIMER: The predictions of farmland values for the upcoming year presented in this newsletter are solely the opinions of S.W. Irvine & Associates. These opinions are for general information purposes only and should be regarded as such. They are based on our analysis of current market trends and historical data, but they do not constitute guarantees of future performance. S.W. Irvine & Associates, is not legally bound by these opinions, and they should not be used as the sole basis for any financial decisions.
For individuals or entities with a more vested interest in the precise value of specific properties, S.W. Irvine & Associates offers professional appraisal services. Our team of experts can provide a detailed, property-specific analysis to help you make informed decisions. For more information please contact us at farms@swiappraisals.com | 519-763-5956 or submit your appraisal request here.
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