Saskatchewan Farmland Values Up 2.6% in First Half of 2026 | FCC Mid-Year Report

Saskatchewan Farmland Values are Up 2.6% in the First Half of 2026: What FCC's Mid-Year Report Shows

Farm Credit Canada (FCC) has released its 2026 mid-year farmland values report. Saskatchewan's market is still moving up, but at a more measured pace. Here's a summary of what FCC found for Saskatchewan and what it could mean if you own, buy or sell farmland in the province.

Saskatchewan at a Glance

First half of 2026: Saskatchewan values rose 2.6%. The national average rose 3.8%. Year over year (to June 2026): Saskatchewan values were up 6.7%. The national average was up 7.0%. Peak growth since 2020: Saskatchewan's 12-month growth peaked at 17.0% in June 2023. Nationally, it peaked at 13.1% in June 2022 (% rate of increase). Current growth vs. peak: Saskatchewan's growth rate is 10.3 points below its peak growth rate. Canada's is 6.1 points below.

Saskatchewan land is still gaining value. The pace has slowed compared with recent years, and FCC describes it as a market that is resilient but more selective.

Why Growth Has Slowed

FCC says limited sales across much of the province kept values close to where they were. Producers stayed cautious because of:

• Higher input costs, including fuel and fertilizer

• Tighter margins

• Trade and tariff uncertainty

• Variable weather

The slowdown came from fewer transactions, not weaker land values. When fewer parcels change hands, values tend to hold steady instead of climbing quickly.

Regional Standout: West Central Saskatchewan

West Central had the strongest gain in the province. FCC credits its concentration of higher-quality land and more properties coming up for sale. Where good land is available, buyers are still competing for it.

How Saskatchewan Compares to the Prairies

Alberta: +5.3% in the first half and +9.4% year over year. Its growth is only 2.0 points below its peak, making it the most resilient province in the country right now.

Manitoba: +5.3% in the first half and +6.0% year over year. Its growth peaked in June 2025.

Saskatchewan: +2.6% in the first half and +6.7% year over year. Its growth peaked in June 2023.

FCC also notes a broader shift. Growth momentum nationally has moved away from the provinces that led the post-pandemic surge (Ontario and British Columbia) and toward the Prairies.

What This Means for Saskatchewan Landowners

If you're selling: Demand is still there, especially for productive, well-located land. But FCC notes that buyers are more selective. Accurate pricing, strong marketing and the right sale method (MLS®, tender or auction) matter more now than they did two or three years ago.

If you're buying: A calmer market gives you more time for due diligence. Quality parcels still draw competition, so get your financing and plans ready before the right land comes up.

If you're holding: Your land is still appreciating. But province-wide averages can hide a lot of local variation, so it's worth knowing what land like yours is actually selling for today.

The Bottom Line

FCC's report concludes that farmland trends are becoming "more regional, selective and tied to farm-level fundamentals." That matches what we see on the ground. Province-wide numbers are a useful starting point, but your RM, soil class, land use and nearby sales are what set your land's value.

FCC will release its full-year assessment in the spring. We'll share the highlights when it's out.

Thinking about what your farmland is worth in today's market? Contact Farmland Realty Group for a no-obligation market analysis of your property.

Link to FCC Farmland Values Mid-Year Report

Source: Farm Credit Canada, "2026 mid-year farmland values in Canada: Momentum continues," October 7, 2026. All figures reflect FCC's cultivated farmland value calculations. This article is for general information only and isn't an appraisal or a formal opinion of value.