Supporting New Farmers

Moved by Liberal Party of Canada (Saskatchewan)

WHEREAS the number of farms with revenues in excess of $1 million dollars increased 36 percent between 2006 and 2012;

WHEREAS these farms constituted 49 percent of Canada’s food production;

WHEREAS these farms are almost all family owned;

WHEREAS the average age of farmers in Canada increased from 47.5 to 54 between 1991 and 2011;

WHEREAS the percentage of farmers under 40 has declined from 25 percent of operators to 10 percent of operators;

WHEREAS the average price per acre of farm land and buildings was $1,526 in 2010;

BE IT RESOLVED that we propose that the Canadian Agricultural Loans Act program increase the loan amount for the purchase of land from $500,000 to $750,000 for first time farmland purchasers;

BE IT FURTHER RESOLVED that the Canadian Agricultural Loans Act expand the list of eligible loan purposes to include employee costs.