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2016 Agriculture Census Statistics

 
Statistics Canada has released farm and farm operator data from the 2016 Census of Agriculture for Canada and the provinces. To find out some of the Alberta highlights and how our province compares nationally, we’re speaking with Austin Leitch, research analyst with Alberta Agriculture and Forestry. First off, Austin, how is a farm operator defined?
 

Interview with Austin Leitch (3:02 minutes) (1.38 Mb)

 

 

Source : Agriculture and Forestry

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2024 AGM Day 1 Panel - Succession Planning & Risk Management

Video: 2024 AGM Day 1 Panel - Succession Planning & Risk Management

Statistics Canada’s 2021 Census of Agriculture indicates that 75% of all farms operating in Canada operate as sole proprietorships or family partnerships. While incorporated farms make up just over a third of Canadian farm operations most of those are also family-run corporations. If the issue of farm succession planning is not on the minds of Canadian farm producers, it probably should be. That same Statistics Canada Census of Agriculture indicates that the average age of a Canadian farmer is 56 years of age with the 55 plus age group becoming the fastest growing segment in Canadian agriculture.

Despite these statistics, the same Census reports that only 1 in 10 Canadian farm operations have a formal succession plan. While each farm has its unique issues when it comes to transferring the business to the next generation, there are some common topics that almost all farmers must address. Join financial, legal, and tax experts to learn about how to begin the process, key tips on ensuring a smooth transition from one generation to the next, and how to manage the strong emotions the topic can create within the family.