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Report finds 40% of farm operators will retire by 2033

A recent report by RBC says that in 2033, 40% of Canadian farm operators will retire, placing agriculture on the cusp of one of the biggest labour and leadership transitions in the country’s history.

Over the same period, a shortfall of 24,000 general farm, nursery, and greenhouse workers are expected to emerge.

They also found that 66% of producers do not have a succession plan in place.

The report includes a three-point plan for growth, with goals set for the short, medium, and long term.

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CFTC Chair Defends Enforcement

Video: CFTC Chair Defends Enforcement

This week, the House Agriculture Committee heard testimony from Michael Selig, the Chairman of the Commodity Futures Trading Commission. Many of the questions focused on farmer’s access to trading and pricing data, and enforcement of insider trading on prediction markets.