2017-2018 Annual Report Highlight
Statistics Canada reports that only 8 per cent of farmers across the country have a succession plan. Meanwhile they’re getting closer to retirement. The average age of producers in Alberta is 57 and fewer of their children want to take over the family farm.
“Seventy-five per cent of farmers say they will sell their land in the next 10 years. That’s a huge transfer of land,” says Dana Penrice, prairie program manager at Young Agrarians. “At the same time we’re seeing a trend of new farmers coming from non-farming backgrounds.
They’re first generation farmers and they’re looking for land.” AREF is supporting the Young Agrarians’ Organic Alberta project which will research, consult and survey new farmers, older farmers as well as land experts to better understand the upcoming land transfer in Alberta.
The project will host workshops on intergenerational communication, succession planning and other topics regarding land transfer. They’re branding the initiative: ‘Want land? Got land?’
“What we’re facing is a really significant change in assets in terms of land and farm ownership,” says Penrice.
“We need to figure out this whole land access issue. How do we match up people who are looking for land and people who have land?”
Read the Alberta Real Estate Foundation’s full 2017-2018 Annual Report.