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.
Tag Archives land
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
Farmers’ sons have no interest in taking over family farm
Farm Financial Planner: A tax-light liquidation of a farm calls for some planning well in advance
Jack and Mary need to retire, but a sale of their farm will the only way to get there because their grown children have no interest in farming. A tax-light liquidation of a farm, though, will take some planning well in advance.
Prairie farmland rentals rates difficult to track
Rental rates could be important in 2025 as grain producers deal with lower grain prices and relatively high input costs
In Red Deer County in central Alberta, a survey found cropland leasing rates were around $75 per acre. Renting that same land could be 40-50 per cent more expensive in 2025 — but it’s difficult to even make a guess because land rents are considered a “dark market.”
Use these incentives to improve the profitability of low-yield acres
Taking marginal land out of annual crop production could improve the farm’s overall profitability
Across the Prairies, some of the toughest marginal farmland is getting a second look — not for what it can grow, but for what it can support.
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
How to talk about ‘fair family price’ for land, other assets
Seeds of Encouragement: A family farm transfer likely involves some gifting, given the market values for farmland
Elaine writes: “Fair family price” versus “fair market value price” (or FFP vs. FMV) is often a tense conversation between a farm’s founders, needing to sell assets for their personal income stream, and a buyer, often the cash-strapped successor on the farm. To offer readers some wisdom on this conversation I asked our coaching teammate […] Read more
U.S. Lawmakers seek to limit corporate, foreign ownership of farmland
Farm groups, lawmakers are concerned that foreign, investor ownership is driving up prices and threatening national security
Washington | Reuters – U.S. lawmakers from both parties are pushing legislation that would limit who can own American farmland, with a latest effort from Democratic Senator Cory Booker aimed at curbing corporate ownership. Farm groups and lawmakers are concerned that land buys by investors and foreign countries are driving up farmland prices and threatening […] Read more
South African plan to allow land expropriation fails to pass
Constitutional amendment defeated by ruling ANC's opponents on both sides
Johannesburg | Reuters –– A proposal to change South Africa’s constitution to explicitly allow expropriation of land with no compensation failed to win the two-thirds of parliamentary votes that it needed on Tuesday. Lawmakers debated whether to change Section 25 of the constitution to enable authorities to seize land to address racial land inequalities left […] Read more
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