A new report says more than 40 per cent of farm operators will retire over the next decade, leaving Canada with a shortage.
The report from the Royal Bank of Canada, Boston Consulting Group Centre for Canada’s Future and Arrell Food Institute at the University of Guelph says the country will be short 24,000 general farm, nursery and greenhouse operators.
It also estimates that 66 per cent of producers do not have a succession plan in place.
To address the shortage and lack of succession plans, the report says Canada will need to accept 30,000 permanent immigrants by 2033 to take over existing farms and greenhouses or establish their own….