As farmland values continue to rise across the Prairies, recent FCC reporting shows that one thing remains clear: leasing farmland continues to be one of the most practical and financially sound ways for operators to grow.

In Saskatchewan, cultivated farmland values rose again in 2025 (approximately 9%+), continuing a multi-year trend of strong appreciation. Rental rates have followed upward, but at a more moderate pace. This has resulted in a declining rent-to-price ratio—meaning the cost to rent land, relative to owning it, remains comparatively attractive.

Manitoba is seeing a similar dynamic. Farmland values continue to trend upward, particularly in higher-quality regions, while rental rate growth has been more measured. The gap between land values and rental rates reinforces the same conclusion: accessing land through leasing remains a capital-efficient strategy.

A few key takeaways from the report and what we’re seeing in the market:

• Rental rates are rising, reflecting strong demand for productive land
• Farmland values are rising faster, which keeps leasing relatively more affordable than purchasing
• Access to capital remains a constraint, with tighter lending conditions limiting some buyers
• Demand to lease remains strong, as operators look to expand without taking on significant debt
• Long-term fundamentals remain positive, supporting continued confidence in prairie farmland

At Andjelic Land, we continue to see very strong demand for quality farmland across Saskatchewan and Manitoba. While financing conditions have become more restrictive for many buyers, demand to lease land remains extremely active. For many operators, leasing continues to provide flexibility, scalability, and access to productive acres without the long-term debt load associated with purchasing allowing producers to focus capital on equipment, inputs, and operational growth.

Our focus is to build long-term relationships with strong operators and provide stable access to high-quality farmland that supports sustainable growth for both tenants and landowners.