The value of equity in Canada's farm sector totalled $784.7 billion as of December 31, 2023, up $55.1 billion (+7.6%) from the same date one year earlier, building on two years of double-digit gains.
Every province reported growth in farm equity as of December 31, 2023, except British Columbia (-2.1%). Increases ranged from 1.3% in Nova Scotia to 11.5% in Saskatchewan. Equity gains in Ontario and Saskatchewan together accounted for more than 60% of the national rise.
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