The value of equity in Canada's farm sector totalled $706.9 billion as of December 31, 2022, up by $83.0 billion (+13.3%) from the same date a year earlier. This was the largest percentage increase in farm equity since the beginning of this series in 1981. Every province reported increases in farm equity, ranging from 17.6% in Ontario to 2.0% in Newfoundland and Labrador. Gains in equity in Ontario accounted for more than one-third of the national increase.
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