Farmland values in Alberta increased at a higher pace in 2020, with an average
provincial increase of 6% compared to 3.3% in 2019. Improved growing and harvest conditions for 2020, along with increased grain shipments, made this year much better than the past few. Strong crop receipts improved the overall optimism within Alberta agriculture, Central Alberta saw the highest average farmland value increase in the province at 9.6%. The stronger increase from recent years was due to better-than-average growing conditions, a healthy supply management sector and robust grain shipments. Southern region saw the lowest average farmland value increase in 2020 at 2.9%. However, irrigated land in this region, with its concentration of potato processing facilities, had an average 7.6% value increase.
