Statistics Canada reports decline in Canadian farm numbers and aging operator demographics
What happened
Statistics Canada released information tracking farm losses and the aging population of farmers in Canada. The report indicates that Canada has lost nearly one in four farms over the last two decades. Furthermore, more than 60% of farm operators are now 55 or older.
From theglobeandmail.com
Why it matters
The trend toward farm dissolution is attributed to factors including mechanization, consolidation, rising land and equipment costs, and global market pressures. This demographic shift suggests that fewer successors are available to take over family farms.
From theglobeandmail.com
Who's involved
- Statistics CanadaTracks farm losses and demographic trends of farmers in Canada.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Statistics CanadaSpeculative
Farmers might face increased costs related to land and equipment due to rising costs and consolidation.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- How could the tracking of farm loss and aging farmers affect the University of Toronto?New data on farm loss and aging farmers may inform U of T research.Possible
- Farm loss data may influence Bank of Canada's monetary policyAgricultural decline data could influence the Bank of Canada's economic outlookPossible
- Farm decline may reduce agricultural job listings on IndeedIndeed may see fewer agricultural job listings as Canadian farms declinePossible
- Farm loss and aging farmers may prompt government policy changesThe Government of Canada may need to adjust policies to address farm decline and aging demographicsPossible
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The entities involved
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Statistics Canada
Canada's principal government institution in charge of statistics and census data