Cultivating value: A review of 2024 fruit land price trends

Fresh fruit production is integral to Canadian agriculture. It supports diversity in our nation’s crops, and is a core strength at a time when our trade relationships are facing significant pressures. Further to our 2024 Farmland Values Report, this analysis highlights trends in fruit land values for blueberry farms, apple orchards, cherry and tender fruit orchards, and vineyards.

Fruit crops represent different shares of the overall crop production across the country (Table 1). Regional micro-climates enable notable fruit production. In Atlantic Canada, fruit constitutes 8.6% of crop receipts, whereas in British Columbia, it represents a substantial 14.3%. This underscores how crucial fruit production is for the latter province’s agricultural economy. Last year’s severe cold events in BC had a significant impact on yields, overall production and receipts. Many British Columbia producers had to grapple with everything from crop damage to total crop loss, leading to reduced or in some cases, no harvests. As seen in (Table 1) fruit farm cash receipts have fallen in all provinces and across the country over the past 5-years.

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