Agriculture Economics 101
Although written in 2012, many of the points made in this research paper are still valid today.
Farmers, themselves, are responsible for the majority of farmland transactions each year in Canada.
Farmers determine the price they are willing to pay for land based on the revenue they expect to generate from that land.
Long-term trends such as global population growth, rising protein consumption in the developing world, climate change and water shortages have all contributed to rising commodity prices in recent years, while continued development and adoption of production technologies continue to improve yields
The analysis outlined in this paper shows that revenues and gross margins from typical crop farming operations in both Eastern and Western Canada have risen with farmland prices in recent years.
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