Farmland in Chilliwack sells for approximately $80,000 an acre. For the entire south coast region the average in 2017 was $89,314, up 13.9 per cent, something UFV ag prof Tom Baumann says is ‘ruinous’ for agriculture. (Paul Henderson/ The Progress)

Sky-high farmland prices ‘ruinous’ for B.C. agriculture: UFV prof

Fraser Valley-based Tom Baumann says $80K-per-acre in area threatens food security

The staggeringly high price of farmland in the Fraser Valley is putting pressure on farmers and is “ruinous” to agriculture.

That’s according to Chilliwack farmer and University of the Fraser Valley (UFV) associate professor Tom Baumann.

“Agriculture land is vanishing in the Fraser Valley at an alarming rate,” Baumann said, responding to questions about the annual report on farmland values published by Farm Credit Canada (FCC) this week.

“Roads, buildings, industrial areas, all good for the economy, are swallowing large tracts, and so do pipelines ([because of] restrictions on use on top and beside), with berries, greenhouses, including cannabis, animal husbandry taking more and more land.”

The FCC report noted that overall in British Columbia farmland values went up 2.7 per cent in 2017 compared to 8.4 per cent in Canada.

• READ MORE: B.C. farmland values grew at slower rate in 2017: report

But on the south coast, the area including the Fraser Valley encapsulating all of the Lower Mainland up to Whistler, the average price per acre in 2017 was $89,314, up 13.9 per cent over 2016.

That’s more than five times more expensive than the average price in the costliest region in any province outside of B.C.

In Chilliwack, Baumann says where you once could get a deal for $50,000 an acre now it’s a minimum of $80,000. In Abbotsford prices are even higher, often over $100,000.

As for even closer to Metro Vancouver?

“Langley, Delta, Richmond, we don’t even talk about it anymore.”

The FCC report noted there were a fairly low number of farmland sales due, of course, to very few coming to market. And what there is for sale gets snapped up by already large operators looking to expand or investors looking to buy and sit on land.

All this means that young farmers have little chance to get into the business, without taking over a family operation.

“There is no ‘open’ farmland,” Baumann says, “so you can’t go to the MLS listings and just pick yourself a nice tract of land and expand your business. Every time someone expands, someone else gets squeezed out. Small holdings such a hobby farms take another small portion that is not available for producers. All this conspires for young people and new farmers of all ages being priced out of the market.”

Fraser Valley agriculture land is in short supply and, as prices go up, so too do lease prices in the tight market.

To compare across Canada, the highest priced land in Ontario is in the south-west at $16,819 per acre. Quebec’s Montérégie is $15,098. Southern Alberta is at $5,461 per acre close to the Annapolis Valley in Nova Scotia at $5,419. Manitoba’s Central Plains-Pembina Valley is $4,770, but the cheapest goes to West Central Saskatchewan at $1,728 per acre, the costliest in that province.

Only one region in Canada is higher than B.C.’s south coast and that’s the Okanagan at $91,978 per acre, up 5.7 per cent.

All this is good news for those sitting on land or selling land, but Baumann says sometimes “progress” is not progress.

“From agriculture perspective it is ruinous. For food security, we are all losing,” he said.

• RELATED: Final week for ALR input – Public consultation process closes April 30

• RELATED: Chilliwack city councillor named to provincial ALR ‘revitalization’ committee


@PeeJayAitch
paul.henderson@theprogress.com

Like us on Facebook and follow us on Twitter.

 

Farmland in Chilliwack sells for approximately $80,000 an acre. For the entire south coast region the average in 2017 was $89,314, up 13.9 per cent, something UFV ag prof Tom Baumann says is ‘ruinous’ for agriculture. (Paul Henderson/ The Progress)

Just Posted

Barriere Bottle Depot signage vandalized

Barriere RCMP say they are currently investigating two incidents of mischief against… Continue reading

TNRD director accuses Tiny House Warriors of harassment

Blue River director Stephen Quinn said the actions of the pipeline protesters need to be addressed

Convicted animal abuser to return to B.C. court May 21

Catherine Jessica Adams is facing a breach of probation charge

Drinking water advisory issued for infants in Barriere

District of Barriere advises water from the municipal system should not be used as drinking water for certain at risk populations, specifically bottle-fed infants due to levels of manganese

Special Council Meeting held May 13 in Barriere regarding current water situation

A Special Council Meeting of the District of Barriere Municipal Council was… Continue reading

‘Teams that win are tight’: B.C. Lions search for chemistry at training camp

The Lions added more than 50 new faces over the off-season, from coaching staff to key players

Growing wildfire prompts evacuation of High Level, Alta.

Chuckegg Creek fire has been burning for several day, but grew substantially Sunday

Top women’s hockey player Natalie Spooner coming to B.C.

Natalie Spooner special guest at annual Grindstone charity weekend in Kelowna

Take-home drug testing kits latest pilot to help curb B.C.’s overdose crisis

Researchers look to see if fentanyl testing could be a useful tool for those who use drugs alone

Facebook takes down anti-vaxxer page that used image of late Canadian girl

Facebook said that the social media company has disabled the anti-vaccination page

Search crews rescue kids, 6 and 7, stranded overnight on Coquitlam mountain

Father and two youngsters fall down a steep, treacherous cliff while hiking Burke Mountain

Raptors beat Bucks 118-112 in 2OT thriller

Leonard has 36 points as Toronto cuts Milwaukee’s series lead to 2-1

Rescue crews suspend search for Okanagan kayaker missing for three days

71-year-old Zygmunt Janiewicz was reported missing Friday

B.C. VIEWS: Reality of our plastic recycling routine exposed

Turns out dear old China wasn’t doing such a great job

Most Read