Farmland values rose 3.8% in early 2026. What does that mean for farm machinery?
Trends · Published October 16, 2026 · By the Machinery One team · How we count
Farm Credit Canada (FCC) released its mid-year farmland review on October 7. Cultivated farmland values rose an average of 3.8% in the first half of 2026.
That's a slower pace than last year, but it's still growth. And it matters if you sell or buy farm machinery, because land values are a good read on how farm balance sheets feel.
The numbers
Here are FCC's provincial results for the first half of 2026.
| Province | Change in farmland values, first half of 2026 |
|---|---|
| Prince Edward Island | +11.9% |
| Quebec | +6.2% |
| Alberta | +5.3% |
| Manitoba | +5.3% |
| Nova Scotia | +3.6% |
| Saskatchewan | +2.6% |
| Ontario | +2.4% |
| New Brunswick | +2.1% |
| British Columbia | -1.9% |
FCC points to higher production costs, tighter margins, and uncertainty around trade and tariffs. On the Prairies it also cites a difficult harvest marked by adverse weather and surging diesel prices.
What we take from it
Land values aren't machinery prices. Please don't read this as a forecast for used tractors. But there are a few things worth watching.
- Tight margins make used look good. When costs go up and margins shrink, a lot of operators stretch the life of their iron or look at used before new. That's our reading, not FCC's.
- The Prairies still grew. Alberta, Manitoba and Saskatchewan all posted gains in the first half.
- It's a selective market. FCC describes buyers as more cautious. That may favour well-priced, well-documented machines.
Farm machinery on Machinery One
Farm machinery is about a quarter of what we track. In our October 12 report, tractors had a median asking price of $119,200 and combines $599,500, based on dealer listings. Those figures move as dealers add and remove stock, so check the market snapshot for the current numbers.
If you're shopping, start with the type you need.
Every listing links straight to the dealer, so you can see photos and talk to a person.
Sources
- Farm Credit Canada, Canadian farmland values rose 3.8 per cent in first half of 2026, news release, October 7, 2026.
- Machinery One dealer listings and weekly market report, October 12, 2026.