Business & Policy
Amount of debt Canadian farmers carried relative to asset value increased in 2016
By Globe and Mail
The amount of debt Canadian farmers collectively carried relative to the value of their assets increased in 2016 for the first time since 2009, putting operators at heightened risk of going out of business should the next two or three years treat them poorly.
Further, roughly 70 per cent of farm assets are tied up in land. The value of land is expected to continue to climb but not as fast as it has in the past, according to Farm Credit Canada (FCC), the country's largest agricultural lender. READ MORE