Farmland ownership consultations in Saskatchewan
By Top Crop Manager
May 25, 2015 - Farmland values in Saskatchewan have increased rapidly over the last few years, making farmland an attractive investment. Farmers are looking to grow, innovate, become more efficient and better manage risk. Some Canadian pension plans, as well as other investors, have expressed interest in holding Saskatchewan farmland as an investment in their portfolios and partnering with individual producers.
This increased interest from institutional and out-of-province farmland investors has resulted in public discussion about the current farm ownership provisions, compliance with The Saskatchewan Farm Security Act, and the province's ability to monitor and consistently enforce the rules. Some stakeholders have also raised concern about Canadians owning farmland on behalf of non-Canadians through loans, mortgages, or other types of agreements.
Because there are differing views on this matter, the Government of Saskatchewan is holding consultations and undertaking a review of farmland ownership rules under the Act. The Government wants to hear from farmers and ranchers, Canadian investors and other interested Saskatchewan residents and businesses.