. Agri-news. Agriculture. September 19, 1983 FOR IMMEDIATE RELEASE ALBERTA AGRICULTURAL REAL ESTATE SITUATION o < en UJ Q_ < DC UJ 500 400- 300- 200 100 0 J. ALBERTA AGRICULTURAL REAL ESTATE VALUES For a little more than a decade now, Alberta farmers have seen agricultural real estate values increase at an annual rate of approximately 20 per cent. Peter Woloshyn, resource economist with Alberta Agriculture's resource econ- omics branch, reports that from 1971 to 1982 the average value of agricultural real estate in Alberta increased by 601 per cent in absolute dollar terms (not deflated
. Agri-news. Agriculture. September 19, 1983 FOR IMMEDIATE RELEASE ALBERTA AGRICULTURAL REAL ESTATE SITUATION o < en UJ Q_ < DC UJ 500 400- 300- 200 100 0 J. ALBERTA AGRICULTURAL REAL ESTATE VALUES For a little more than a decade now, Alberta farmers have seen agricultural real estate values increase at an annual rate of approximately 20 per cent. Peter Woloshyn, resource economist with Alberta Agriculture's resource econ- omics branch, reports that from 1971 to 1982 the average value of agricultural real estate in Alberta increased by 601 per cent in absolute dollar terms (not deflated to 1971 constant dollars). He points out, however, that when the average values in each year are converted into 1971 dollars, the picture is very different. In terms of 1971 dollars the average value per acre increased from $67 in 1971 to $179 in 1982, which represents an increase of 166 per cent. However, as Mr. Woloshyn points out, the increase in land values has slowed down substantially since 1981 when the economic downturn began. - (cont'd) Phone: (403)427-2121 /dlbcrra AGRICULTURE Print Media Branch. Please note that these images are extracted from scanned page images that may have been digitally enhanced for readability - coloration and appearance of these illustrations may not perfectly resemble the original Alberta. Alberta Agriculture. Communications Branch; Alberta. Alberta Agriculture. Print Media Branch; Alberta. Alberta Agriculture, Food and Rural Development. Publishing Branch. [Edmonton] : Communications Branch, Alberta Dept. of Agriculture
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Keywords: ., bookcentury1900, bookleafnumber5, booksubjectagriculture, septdec
