Thousands of Family Farms at Risk Due to Outdated Inheritance Rules with Derryn Shrosbree

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 Nearly 3,000 family farms disappear every year — not because families want to leave farming, but because outdated inheritance rules are forcing impossible financial decisions.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 Highlights - Why nearly 3,000 Canadian family farms disappear every year - How outdated inheritance rules trigger crippling tax bills - The unfair gap affecting nieces and nephews working family farms - The aging farming population and succession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 ============ 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 ============ 🔎 Related Phrases: Derryn Shrosbree, Farm Inheritance Laws, Farm Transition Planning, Farm Succession Planning, Tracy Brunet, Impact Farming Show, Agriculture, Farming, Farmlife, Agribusiness, Farm Business, Farm Finance, Farm Management, Sustainable Farming,  Farming Tips, Farm Business Management, Farming Success, Farm Funding Solutions, Agricultural Finance, Farming Innovations, Farm Financial Solutions, Farm Founders, Farm Successors, Agribusiness #FarmTransitionPlanning #FarmSuccessionPlanning #FarmFounders #FarmSuccessors #TracyBrunet #ImpactFarmingShow #FarmBusiness #FarmFinance #FarmManagement #SustainableFarming #TransitionPlanning #SuccessionPlanning #FarmingTips #FarmBusinessManagement #FarmingSuccess #FinancialIndependenceForFarmers #WealthManagementForFarmers #FarmFundingSolutions #AgriculturalFinance #FarmingInnovations #FarmFinancialSolutions  ⚠️ Disclaimer: I do not accept any liability for any loss or damage incurred from you acting or not acting as a result of watching any of my publications. You acknowledge that you use the information I provide at your own risk. Do your research.  © The Impact Farming Show: Produced by Farm Marketer