Canada's largest farmland company buoyed BY FCC Report

    REGINA, April 27 /CNW/ - Saskatchewan farmland values rose by 8.8% in the
second half of 2008 according to a report released today by Farm Credit Canada
    "We are pleased that Saskatchewan farmland values are outperforming
farmland values in the rest of Canada," said Doug Emsley, President of
Assiniboia Farmland Limited Partnership. "Saskatchewan farmland remains some
of the most affordable farmland in the world, and it has long been our view
that Saskatchewan farmland is undervalued relative to similarly productive
farmland in other places."
    Brad Farquhar, Vice-President of Assiniboia Farmland LP added, "In 2008,
Saskatchewan farmland increased in value by almost 15%, and this is on top of
11% in 2007. Returns for farmland investors have been excellent, particularly
when compared with alternatives like the stock market."
    "We like farmland because it is not correlated with the stock market, it
is a stable, hard asset, and it offers great inflation protection. And in
Saskatchewan, it is still undervalued relative to its peers," he said. "During
the stagflation of the 1970's, farmland in Saskatchewan more than octupled
(8x) in value, so we think farmland is a great investment right now."

    About Assiniboia Farmland Limited Partnership

    Assiniboia Farmland Limited Partnership is the longest-operating and
largest farmland investment portfolio in Canada. The limited partnership was
founded in 2005 to provide investors with a vehicle for investing in
professionally-managed, undervalued Saskatchewan farmland. It now owns in
excess of 80,000 of acres of farmland in Saskatchewan which are rented to
farmers across Saskatchewan. For more information about Assiniboia Farmland
LP, go to

For further information:

For further information: Doug Emsley, President or Brad Farquhar,
Vice-President, (306) 347-3015,

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Assiniboia Farmland Limited Partnership

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