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 price
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.”
Cyber-Savvy Farmer
