A progress report on farm enterprise transition – Agriculture

Statistics Canada tells us that the common age of farmers is growing. Of these farming in 2021, 60.5 per cent of farm operators have been 55 years and up.

Instead of taking a look at it as an unstoppable march to the older technology’s demise, let’s give it some thought from the standpoint of a bit of the farming inhabitants has earned a retirement plan.

On the other aspect of the coin, is the following and next-after-that technology of individuals (normally household) who’re constructing careers, trying to put money into their future, and making an attempt to carve out their place within the farm enterprise.

A farm enterprise transition plan shouldn’t take lengthy to hammer out, however the implementation may, and perhaps ought to, take years. We need to know: the place are you at within the planning course of? And be trustworthy!