An aging population and increasing farmland values are the perfect breeding grounds for consolidation, making the modern farming landscape filled with massive farms that rely on technology and scale to make money in a low-margin game.
Bryan Maynard says his grandfather, a Prince Edward Island potato farmer, didn't start talking about retirement until he was 80 years old and had been diagnosed with dementia.
Succession planning can seem like an overwhelming task. All succession plans encompass legal, financial and operational elements, but there are as many variables as there are differences in farms and farm families.
Last month Statistics Canada released the results of the 2016 Census of Agriculture. Like many of you, I was eager to read up on the results and discover how our industry has changed in the five years since the last survey was conducted.