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Retiring farmers rethinking succession planning

Nov. 12, 2015, Canada – Gary Stanford figures he’ll always be a farmer, but the 59-year-old grain grower knows he can’t work 5,000 acres forever. In about 10 years, two of his sons, ages 33 and 35, will take over his farm in southern Alberta.

But Stanford, president of the Grain Growers of Canada, knows he’s unusual among many farmers of his generation. Many don’t have sons or daughters who want to take over. And with farmland values at a record high, many others can’t afford to buy out their parents, writes the Globe and Mail. | READ MORE