What will Drive Farmland Affordability in 2024
Farmland values are expected to remain strong, as farmland supply continues to be tight. With farm cash receipts projected to decline 3.2% due in part to declining prices and lower marketings, and interest rates likely to remain elevated (despite anticipated cuts by the Bank of Canada in the second half of the year), FAI is expected to deteriorate further in 2024. FCC Economics will monitor its development and provide periodic updates during the year.
https://www.fcc-fac.ca/en/knowledge/economics/deteriorating-farmland-affordability