WHEREAS Saskatchewan had the highest increase in farmland value in Canada in 2023, according to a report from Farm Credit Canada (FCC), with the increase of 15.7% from the previous year. Farmland values continue to drive to new heights.

WHEREAS Information Service Corporation (ISC) updated the Land Registry Fee Schedule, dated July 29, 2023, with some fees being new, some changes to formulas of how the fees get calculated and other costs are gradually increasing. Majority of the fees are determined by title and abstract value.

WHEREAS with the significant increase in farmland value, Land Registry Fees become excessive and adds an additional financial strain for the farmer selling and/or purchasing of farmland.

BE IT RESOLVED that SARM lobby ISC to incorporate a reasonable and fair fee schedule.