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Farmland value going up in Saskatchewan

Farm Credit Canada says Saskatchewan saw the highest average increase in farmland value in Canada last year. Karen Bleier / Getty Images

REGINA – Farm Credit Canada says Saskatchewan saw the highest average increase in farmland value in Canada last year.

The F-C-C’s annual report says the average value shot up by more than 28 per event, yet land in Saskatchewan is still less expensive than in the neighbouring provinces.

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But it says the latest increase is part of a trend that shows farmland values in Saskatchewan rising since 2002.

Values increased in all provinces last year except Newfoundland and Labrador, where they remained unchanged.

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