Canada’s farmers are getting older, and most don't have a clear succession plan, leaving a big question over who will take over the agriculture sector as a wave of retirements loom.
Canada’s farmers are getting older, and most don't have a clear succession plan, leaving a big question over who will take over the agriculture sector as a wave of retirements loom.
“We're going to need technology, we're going to need innovation, we're going to need new ideas and new approaches," he said."So when you meet young people that have these new ideas and come from different disciplines, it's super exciting." While some will pass the business on to their children — 12 per cent of farms told Statistics Canada they had a succession plan in 2021 — it’s no easy feat to buy or sell a farm, nor to start one from scratch, due to the high costs of land and equipment, as well as the fact that over time, farms have consolidated and therefore gotten bigger on average.
But as farms adopt more technology such as automated steering and drones, the college has seen increased interest, she said. Younger generations are showing more interest in sustainable practices, including ways to maximize yields from smaller farms that are more financially accessible. Barry Murchie founded GoodLeaf Farms in 2011 after working in food for several decades, including at McCain Foods for 25 years. GoodLeaf's production of leafy greens and micro greens is currently centred in Guelph, with facilities in Calgary and Montreal set to open this summer.
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