Derryn Shrosbree joined BNN Bloomberg’s The Street to discuss the growing pressure on farmers amid rising input costs and market uncertainty.

On this episode of The Impact Farming Show, Derryn Shrosbree speaks with Tracy Brunet about the silent crisis threatening the future of family agriculture. Current tax laws allow farms to be passed to children tax-deferred — but not to nieces or nephews — even if they’ve worked the land for decades.

As third-generation farmer Jake Leguee starts to prepare for the spring season, crops are not the only things he’s planting seeds for.

Alongside his sister and brother-in-law, Leguee runs a 17,000-acre farm in Fillmore, Sask., located about 100 km southeast of Regina, specializing in canola, durum, hard red spring weeds, lentils, and flax.

While rising costs and volatile global markets have been top-of-mind concerns for Leguee, he is also considering the future of his family farm.

“My oldest is 10 years old,” Leguee said. “That’s a long way away from him potentially being interested in taking over the farm, but that’s going to come fast. So we need to start thinking about that today.

“We don’t know what that transfer might look like. It might not be my kids, it might be one of my sister’s kids that wants to come back to the farm or it might be mine and not hers. So we just don’t know.”

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Family Farms at Risk

Adding Horsepower