Canadian farm debt has risen past the $100 billion mark. According to recently released Statistics Canada data, farm debt in 2017 was $102.3 billion—nearly double the level in 2000. (All figures and comparisons adjusted for inflation.)
Some analysts and government officials characterize the period since 2007 as “better times” for farmers. But during that period (2007-2017, inclusive) total farm debt increased by $37 billion—rising by more than $3 billion per year
Although our farm sector has many strengths and is setting production records, the sector remains in a crisis that began in the mid-1980s. And what began as a farm income crisis has metastasized into a farm debt crisis.
"Rather, the problems detailed above are the result of voracious wealth extraction by the dominant agribusiness transnationals and banks." You lost me there Darrin.
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