Farmers concerned over the shortage of succession plans
FOREMOST, AB – A report by the Royal Bank of Canada projects that one of the largest shortages of farmers in Canada history is coming.
With 40 per cent of farm producers expected to retire in the next 10 years and majority without a succession plan, it raises concern for the future of agriculture.
Ian Russel, a second-generation farmer from Foremost, would like to see his kids farming one day. But like thousands of Canadian farmers he’s uncertain of who will inherit the family farm. He notices many young farmers within the Foremost area though.