Canada is facing a quiet but urgent agricultural crisis. Nearly 3,000 family farms disappear every year — not because families want to leave farming, but because outdated inheritance rules are forcing impossible financial decisions.

In this episode, Tracy sits down with Derryn Shrosbree, founder of 33seven and a national expert in farm succession and estate equalization, to unpack how current tax laws prevent many farmers from passing their land to nieces and nephews without triggering massive tax burdens.

With the average Canadian farmer now 56 years old and fewer than 1 in 12 farms having a successor under 40, the future of family agriculture is at risk. This conversation explores what's happening behind the scenes, the real human cost to families, and what policy reform could mean for the next generation of Canadian farming.

This isn't just a farm issue — it's about food security, rural communities, and protecting a cornerstone of Canada's economy.

Highlights

- Why nearly 3,000 Canadian family farms disappear every year - How outdated inheritance rules trigger crippling tax bills - The unfair gap affecting nieces and nephews working family farms - The aging farming population and succession crisis - The risk of farmland consolidation and foreign ownership - Economic impacts on rural communities and Canadian food security - Real stories from the front lines of farm succession planning - Practical steps families can take right now - What reform to the Income Tax Act could change - A vision for the future of intergenerational farming in Canada

If this episode resonates with you, share it with a farming family, policymaker, or community leader. Awareness drives change and protecting family farms protects Canada's agricultural future.

Thanks for tuning in,

Tracy

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SHOW RESOURCES

Connect with Derryn Shrosbree and 33seven for expert guidance on farm succession and estate planning https://www.33seven.ca

Subscribe to The Impact Farming Show for more conversations shaping the future of agriculture https://www.farmmarketer.com/impact_farming_show/sign-up

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Thousands of Family Farms at Risk Due to Outdated Inheritance Rules with Derryn Shrosbree