The Canadian fruit industry faced diverse challenges in 2023 affecting land values and production.
In British Columbia's Okanagan Valley, frost events caused significant damage, particularly to grape and tender fruit crops. Uncertainty looms over cherry yields, impacting land values says Farm Credit Canada (FCC). However, apples have shown resilience.
Table 1: FCC reference Value per acre for Orchards, Blueberries and Vineyards
FCC
Table 1: FCC reference Value per acre for Orchards, Blueberries and Vineyards
Blueberry operations in BC's South Coast saw a decline in land values due to softening markets. Meanwhile, in Ontario's Niagara region, orchard and fruit quality remain strong, impacting local land transactions.
Quebec experienced mixed results, with apple production remaining stable despite weather challenges. The blueberry market in Saguenay-Lac-Saint-Jean remained steady after a successful harvest. The wine industry faced climatic trials but achieved higher-than-expected quality.
In Nova Scotia, challenges like a short harvest window and declining fruit prices impacted blueberry farming. The stone fruit sector saw relief from mild winters after years of low production.
Canadian fruit land values showed a trend of stabilization or softening in 2023 compared to substantial increases in 2022. FCC says this pause reflects the industry's response to recent challenges and market conditions.
Figure 1: Canadian average prices per kilogram for apples, highbush and lowbush blueberries, grapes and cherries
FCC
Figure 1: Canadian average prices per kilogram for apples, highbush and lowbush blueberries, grapes and cherries
Fruit farming remains a crucial component of Canada's agriculture landscape, driving economic activity and shaping regional agricultural identities. Despite challenges, farmers continue to adapt and innovate, sustaining this vital sector.