GFM Network News


Crop share is becoming less common in Alberta, but this method can be a good starting point for determining a cash rent.

The going rate isn’t necessarily what you should pay in rent

Don’t pay a rent based on rumoured rates in your area and factor in the productivity of specific fields

Many landlords set their land rent based on what other local landowners are charging, but that’s not always an equitable rate, says a provincial farm business management specialist. “Following this approach has pitfalls because the rate may not be reflective of the soil productivity on the farm, or there may be a difference between what […] Read more

Transferring land without tax is usually essential for a succession and so farmers need to pay attention to a new interpretation of rollover rules, says a well-known Alberta succession expert.

New rollover rule for farms could flatten some succession plans

A do-nothing strategy could be costly — consider transferring some land today, says succession expert

A new interpretation of the farm rollover rules has been giving Merle Good heartburn since the Canada Revenue Agency came out with it in June. “That’s the one that scares the hell out of me,” the farm succession expert said at a recent Alberta Canola Powering Your Profits event. “The rollover allows us to transfer […] Read more


What’s fair when it comes to renting farmland?

There are two common methods for determining fair rent — and neither involves coffee-shop talk

How do you know if the rent you’re paying — or charging — for farmland is fair and reasonable? “Often, people use what others are charging or paying in the local area,” said farm business management specialist Dean Dyck. “Following this approach has pitfalls because the rate may not be reflective of the soil productivity […] Read more

B.C. Greens seek limits on foreign ownership of farmland

The party holding the balance of power in British Columbia’s legislature wants to curb foreign ownership of farmland in the province’s Agricultural Land Reserve (ALR). Green Party leader Andrew Weaver on Thursday introduced the Property Law Amendment Act as a private member’s bill, which he said “would prohibit foreign entities from purchasing ALR land over […] Read more


Three resources to read before buying land

The high cost of farmland doesn’t leave 
room for emotion — or miscalculation

Farm auction sale season has begun, and a provincial farm financial specialist says a lot of retiring farmers are choosing to sell their land by public auction. “With interest rates remaining low and the majority of Alberta farms continuing to have a strong balance sheet, the demand for farmland purchase in Alberta remains robust,” said […] Read more

How to get a handle on farmland prices

Farm Credit Canada tracks percentage changes across the country, while Alberta Agriculture looks at dollar values in municipalities

Farm Credit Canada’s recently released Farm Land Value Report and a database created by Alberta Agriculture can go a long way to helping producers establish a land value, says a provincial farm business specialist. “According to the new FCC report, Alberta’s change in farmland values was 11.6 per cent which was 1.5 per cent higher […] Read more


If you don’t calculate the potential profit from rental land, it’s easy to pay too much.

What the neighbours are paying doesn’t matter

Here are three ways to calculate fair rental rates — and none involves going to the coffee shop

Determining a fair rental rate isn’t easy, says provincial farm business management specialist Dean Dyck “Often, people use what others are charging or paying in the local area,” said Dyck. “Following this approach has pitfalls because the rate may not be reflective of the soil productivity on the farm or there may be a difference […] Read more