The established farmers and the young people of the agricultural succession of Montérégie- Est, who aims to enlarge their cultivable areas, will have to draw from the bottom of their pockets to get their hands on new plots. According to the latest Transac-Terres de la Financière Agricole du Québec (FAQ), the value of a hectare of land is on average $ 40,777 in 2024. An increase of 4%.
Agricultural land (cultivation, erablières, wooded) continue to gain value in the four corners of the province with the exception of Abitibi-Témiscamingue and Laurentides (-2%) and the North Chaudière-Appalaches sector (-9%).
In Montérégie-Est, which includes several MRCs, including that of Haut-Richelieu, 50% of the transactions made in 2024 were concluded at a price greater than $ 40,500/ the hectare, according to data compiled by the FAQ. An increase of 4% compared to the figures identified in 2023. “The value of each transaction varies according to certain specific characteristics (location of the earth, type of soil, use, etc.),” said the FAQ.
In terms of transactions, nearly 1,000 transactions were carried out throughout Quebec at an average cost of $ 21,567/hectare (+12.5%). And of this number, 68% of sales of agricultural land was listed in the regions of Chaudière-Appalaches, Montérégie, Estrie, Center-du-Québec and Bas-Saint-Laurent.
