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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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In this video, Chad Asmus explains how this system works—and how farmers can get involved.