farm auction

Farm auctions evolve with the times

Online auctions and new technology reshape an environment once dominated by live on-farm sales

The option is still available for farmers who want to sell assets that way, but a U.S. auction firm expanding into Canada notes the number of live, on-farm auctions has drastically declined.


Firm handshake between two farmers in silhouette at sunset. Pic: StockSeller_ukr/iStock/Getty Images

A vendor take-back mortgage will help keep a farm intact

Farm Financial Planner: The retiring sellers don’t want or need top dollar for the land, but need to limit the resulting tax liability

A retiring Manitoba couple with no farming heirs would like to see their land safely transferred to their farming neighbours. Just gifting the land, though, or selling it below market value would complicate their retirement plans.






Photo: Getty Images

Canadian farm liabilities outpaced equity growth in 2024

Farmers see declining ability to service debt for second consecutive year

Canadian farmers' total equity growth slowed for the first time in five years in 2024 as liabilities grew faster than assets, Statistics Canada reported. Farmland prices led to most of the growth, while declining farm income led to less ability to service debts.