Value of Farm Capital

Farm land and buildings of farm, value

Farm land and buildings refers to the market value of real estate used for agricultural production. It includes the value of all property operated by the holding, whether owned or rented from others, but excludes the value of property rented to others. It also excludes the value of farm offices not located on farm holdings, even though they are assets used to produce agricultural products. The impact of this limitation on the data is considered to be insignificant.

Farm refers to an agricultural operation that produces at least one of the following products intended for sale: crops (hay, field crops, tree fruits or nuts, berries or grapes, vegetables, seed); livestock (cattle, pigs, sheep, horses, game animals, other livestock); poultry (hens, chickens, turkeys, chicks, game birds, other poultry); animal products (milk or cream, eggs, wool, furs, meat); or other agricultural products (Christmas trees, greenhouse or nursery products, mushrooms, sod, honey, maple products).

The data for this variable are reported using the following measurements:

• Canadian dollars at current prices per acre