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Tag Archives farmland ownership — page 2

Opinion

Land use policies challenge new farmers

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New farmers face many challenges as they attempt to get established in the business of farming. Last week we examined the issues of farm size and financial risk from the perspective of starting farmers. This week we will look at land use policy relating to new farmers. This issue was brought to our attention by
The Manitoba Farm Industry Board, which oversees the Manitoba Farm Land Protection Act discussed some of its concerns about loopholes and other pressures on the legislation at KAP’s General Council Oct. 29. Board chair Greg Perchaluk (l to r), vice-chair Bragi Simundsson and program specialist Judy Roeland.
News

Concerns expressed over loopholes in farmland ownership act

The Manitoba Farm Industry Board asks for feedback on how to 
strengthen legislation preventing foreigners from buying farmland

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Only Canadian citizens and permanent residents can own more than 40 acres of Manitoba farmland, but the board that oversees the Manitoba Farm Land Protection Act has concerns about loopholes and pressure from corporate investors. “The board has identified a number of issues out there… one being the purchase (of farmland) by investment groups and
Manitoba Farm Industry Board chair Greg Perchaluk wants to hear from the public on how to strengthen the Manitoba Farm Land Protection Act.
News

Farmers, not investors pushing up land price

Should Canadian-owned companies be allowed to speculate in Manitoba’s farmland market?

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Don’t blame pension funds for rising Manitoba farmland prices, blame expanding farms and low interest rates, says Gordon Daman, a land appraiser and president of Red River Group. “This has nothing to do with outside investors,” Daman told the Keystone Agricultural Producers’ (KAP) General Council here Oct. 29. “I can assure you that the Ontario
A flax field west of Pathlow, Sask. in August. The Saskatchewan government is tightening its rules on who can and can’t own more than 10 acres of the province’s farmland.
Crops, News

New farmland legislation will quintuple the fines for non-compliance

Sask. moves to toughen farmland ownership law

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The Saskatchewan government is set to lay down more law on who can and can’t buy up farmland in the province, backstopped with more enforcement and heavier penalties. Provincial Agriculture Minister Lyle Stewart on Oct. 20 introduced amendments to the province’s Farmland Security Act, the legislation that already prevents non-Canadians and entities that aren’t 100
Who should own land in Saskatchewan?
Comment, Crops, Opinion

Who should own land in Saskatchewan?

The answer lies in whether you consider it a financial investment or social capital

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The following is an abbreviated version of a discussion paper prepared by Annette A. Desmarais, Darrin Qualman, André Magnan, and Nettie Wiebe: In December 2013, the Canada Pension Plan Investment Board (CPPIB) purchased approximately 115,000 acres of farmland from an investment company, Assiniboia Capital LP., for $128 million. This was the single largest sale of
(Dave Bedard photo)
Crops, Markets

Sask. opens farmland ownership review

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Saskatchewan has kicked off public consultations for a review of its rules on investment in the province’s farmland. The consultation period, which runs until Aug. 10, is meant to help the province “understand who should, or should not be, allowed to own farmland in Saskatchewan,” Agriculture Minister Lyle Stewart said in a release Wednesday. At
Australian countryside near Bendigo, northwest of Melbourne. (CIA.gov)
Markets

Australia backs farmers on foreign ownership gripes

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Canberra | Reuters –– The Australian government has sided with farmers who say official data vastly underestimates foreign ownership of the nation’s farmland, as it moves to clamp down on overseas purchases of agricultural land. Foreign ownership is a key concern for many farmers, a crucial part of the conservative government’s support base, who worry
(Dave Bedard photo)
Crops, Markets

Sask. eyes tougher rules on investor farm buys

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Saskatoon | Reuters — Saskatchewan is likely to tighten what are already some of North America’s strictest rules for purchasing farmland, as it looks to fend off big money managers hungry for what they see as a winning investment. The province, whose fertile plains grow more wheat than Argentina, has become the latest front in

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