Canadian agriculture faces one of the biggest farm transitions in history. Nearly 40 per cent of farmers are expected to retire over the next decade. In Alberta, it’s closer to 62 per cent. The province’s farms are predominantly family owned and operated. Unfortunately, the number of young people taking up the family business is declining. Beyond succession planning, there is a need to identify and evaluate barriers to the family farm transition process.

Farming has never been easy, but for those now launching careers in agriculture, the hurdles are higher than ever. “There’s a massive barrier to entry that’s never been there before,” said Evan Shout, co-founder and CFO of Maverick Ag, an agricultural consulting and risk management firm. He believes the higher-than-ever cost to take up farming is the greatest challenge and restriction facing today’s new and young farmers. “These days, it’s hard to start from scratch, you almost need to have a family farm to play in the game.”