Although Rocky View County (RVC) has seen growing development pressure in recent years, the municipality continues to be a primarily agricultural region – a landscape where farmers and producers grow food or raise beef and other livestock. Not only does this influence the social fabric of this area, it also contributes significantly to the County’s economy.
That’s why we were pleased to see the 2018 Farmland Values Report from Farm Credit Canada, which indicated that farm acres across the province showed an increase in value of more than seven per cent over last year – with an almost six per cent increase in the RVC region.
These numbers come despite a number of climate challenges experienced province-wide in 2018, the report stated. Here in RVC, producers endured a difficult growing season due to poor weather and increasingly frequent wildfires, and an early frost at the beginning of September downgraded crops and impacted yields.
As the climate continues to change, it’s likely our local farmers will face even bigger challenges – but for now, we’re glad to see that farmland in this area continues to be a valuable investment.