A Farm Credit Canada report shows farmland rental rates are keeping pace with farmland values.
FCC has been comparing rental rates to the price of farmland and the data shows the national rent-to-price ratio in 2023 was 2.52 per cent, reflecting a decline from the previous year.
FCC Senior Economist Justin Shepherd says in 2023 we saw some fairly strong farmland value growth across the prairies, especially in Saskatchewan as well as Manitoba, while Alberta had a little bit slower growth, but it was still positive.
Seeding is underway in Manitoba. While other parts of the prairies started the season on the dry side, its a different story in Manitoba. Rain has slowed spring seeding but will give this year's crops a good start.
Dennis Lange is a pulse and soybean specialist with Manitoba Agriculture and the editor of the provincial crop report. He'll tell us about seeding progress and where that number compares with previous year.
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