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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.






Topsoil being removed from a depression area in a soil landscape restoration site in southern Manitoba.

Restore productivity on your eroded knolls

Landscape restoration, cover cropping, residue redistribution and adjusting crop inputs are some management practices that can help

The eroded knolls or hilltops common in Prairie farmland are typically the least productive, often yielding considerably less than other parts of a field. Curtis Cavers, an agronomist with Agriculture and Agri-Food Canada based at Portage la Prairie, Man., says there are ways to boost crop productivity in these problem areas. Cavers provided an assessment […] Read more


people standing in field

Parents retiring, leaving farm to two sons

Farm Financial Planner: A sale of personal assets to a farm corporation is subject to a now-increased capital gains exemption

A couple we’ll call Jared, 68, and Leanne, 66, from eastern Manitoba, have built a successful grain farming operation. They have three sons: Josh, 40; Craig, 38; and Shawn, 36. Jared and Leanne want to work toward retirement. The plan is to have Josh and Craig take over. Josh and Craig have both been farming […] Read more