Thursday, May 21, 2015

Is There a Bubble in Canadian Farmland? : AGU, POT, RME

Since 2010 it’s been good to be a farmer in Canada.
The weather has largely cooperated, which has led to some terrific years. Crop yields were up each year from 2010-13, with 2013 yields being the highest ever. Last year’s harvest was down, but was still historically decent.
Commodity prices have also been strong. The price of wheat has done well, spiking up to $9 per bushel in 2012. Currently it trades at US$5.25 per bushel, which is 50% more than a decade ago. Canola has also done well, and the price for beef is flirting with a 10-year high. (more)

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