SK farmland keeps appeal amid market doubts

There are more gains to be had – for domestic investors – in the farmland market in the major Canadian farming province of Saskatchewan even after strong headway over the last five years, Agcapita said.  Karim Kadry, the fund’s investment manager, acknowledged that it was “possibility” that the slowdown evident in the US farmland market, blamed on lower crop prices, may spread north of the border. A survey last week showed US land prices declining in January for a second successive month, after an unbroken period of growth dating back to 2009. However, values in Saskatchewan would be protected from any downturn by their discount to prices in other major agricultural areas in Canada, a legacy of rules, ditched in 2003, which limited ownership to residents in the province, and so choked off investment flows.

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