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ARTICLE · 13 JANUARY 2015

The Growing Need For Farm Succession Planning In Canada

Miller Thomson
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A look at Statistics Canada figures regarding the demographics of farmers reveals some trends which will continue to shape the Canadian agriculture industry.

CanadaReal Estate and Construction
Andrew Hentz
Andrew Hentz
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A look at Statistics Canada figures regarding the demographics of farmers reveals some trends which will continue to shape the Canadian agriculture industry.

Farm consolidation: In 1991, there were 280,043 farms in Canada. However, by 2011, that number had dropped to 205,730. Connected to this trend is the average farm size. Between 1991 and 2011, the average farm size increased from 598 to 778 acres while the number of farm operators decreased from 390,875 to 293.925, a 24.8% decline.

Age of a Farmer: Statistics Canada notes that between 1991 and 2011, the number of farm operators under 55 years of age decreased from 265,495 to 152,015 while the number of farm operators older than 55 increased from 125,380 to 141,920.

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