Irrigated farmland has higher overall value than cultivated or pastureland. Irrigated land in southern Alberta had a record-high increase with land values ranging from $8100 to $20,200 per acre for an average of $14,900 per acre. According to the report the increase was attributed to larger contracts for specialty growers, mainly potatoes, and to land coming for sale near major growers and storage site.Pastureland values in Alberta increased by an average 5.5 per cent in 2022. The Southern region saw the lowest increase in pastureland values but is still the highest value in the province at $3500 per acre.
