Sarnia

No Significant Change In Farmland Rental Prices Expected

The average Canadian producer owns three-quarters of the land they farm.

That's one of the findings of a recent Farm Credit Canada survey.

More than half of the respondents to the survey say they would consider buying the land they're renting - if it came up for sale.

Those who say they would not consider buying their rented land say high prices are the main obstacle.

Most of those responding to the FCC survey say they don't expect land rental prices to change much over the short term.

According to the survey, just over half the farmland in Canada is used for grains and oilseeds production.

Forages take up 15 per cent.

Pasture land is down to 14 per cent of Canada's farmland.

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