The rise in Canadian farmland prices will slow in 2016, thanks in part of softer commodity prices. Farm Credit Canada told agweb.com that growers should prepare for a possible easing in land values after prices rose at a slower rate in 2015. Prices rose ten percent in 2015, and should rise between 2-4 percent in 2016 thanks to ample supplies of grains and oilseeds pressuring commodity prices. Lower commodity prices and late spring frost that prompted reseeding plus rainfall at harvest hurt values. Crop receipts are expected to fall fro levels seen in 2015.
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