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Farmland Prices Increase Over 10% in 2007- Farm Credit Canada.

Publication: M2 Presswire
Publication Date: 16-APR-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-16 April 2008-Agcapita Farmland Investment Partnership: Farmland Prices Increase Over 10% in 2007- Farm Credit Canada(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:16042008

Calgary, Alberta CANADA -- Agcapita Farmland Investment Partnership (AFIP - 0),

The 2007 Farm Credit Canada report showed that average Canadian farmland prices increased by approximately 11% in 2007. Saskatchewan showed a significant improvement increasing around 11% for the year compared with only around 2% in 2006.

Agcapita Farmland Investment Partnership L.P.("Agcapita") is Canada's only RRSP eligible farmland fund. "Food price increases are being driven by economic growth in the emerging economies, rising oil prices and slowing production growth for agricultural commodities" said Stephen Johnston, investment director for Agcapita. Higher agriculture commodity prices are driving farm operating margins and cash rent rates higher which in turn leads...



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