To address the shortage and lack of succession plans, the report says Canada will need to accept 30,000 permanent immigrants by 2033 to take over existing farms and greenhouses or establish their own. The report from the Royal Bank of Canada, Boston Consulting Group Centre for Canada's Future and Arrell Food Institute at the University of Guelph, says over the same period, a shortfall of 24,000 general farm, nursery and greenhouse workers is expected.Ħ6 per cent of farm producers do not have a succession plan in place, leaving the future of farmland in doubt. Canada may see a significant shortage of farm operators over the next 10 years, as a new report says more than 40 percent of farmers will retire.
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