High farmland prices hinder gains in food security: The cost of small-acreage farmland in Metro Vancouver is two- to seven-times higher than that of large farms and is priced well beyond its value as agricultural land, according to a new report by Vancity.
In fact, the ability�of farmland to support agriculture has�little if any effect on the value of farmland in Metro Vancouver, which rises�with the value of residential land and proximity to urban centres.
With prices for fresh vegetables up 26 per cent between January 2015 and January 2016 — and projected to keep rising — the eroding viability of farming in British Columbia is a concern. B.C. is highly dependent on imported fresh foods, especially from California, which has suffered from extended drought and reduced agricultural productivity.