
Sowing the Seeds of the Future—A Fresh Look at Farm Succession in Canada
With 60% of Canadian farmers projected to be over 65 in the next decade and 88% lacking written succession plans, effective succession planning is critical. Skyline's Co-founder and CEO, Jason Castellan, discusses how investing in Canadian private alternative investments can support retiring farmers and ensure a smooth transfer of wealth to the next generation.
As featured on Farms.com:
“You’ve worked the land for decades—through changing seasons, shifting markets, and long days that begin before sunrise,” says Jason Castellan, Co-Founder & Chief Executive Officer, Skyline when he spoke with Farms.com.
“You know every acre, every decision, every responsibility that comes with running a family farm. But there’s one part of the operation that may still feel uncertain: what happens when you step away?”
You’re not alone. In fact, according to RBC, nearly 60 per cent of Canadian farmers will be over 65 years old within the next decade, and 88 per cent don’t yet have a written succession plan. Meanwhile, the number of younger farm operators has dropped by more than half since 2001. These numbers tell a clear story: the future of Canadian farming depends on thoughtful planning today.
Passing on a farm isn’t as simple as handing over the keys. It’s a complex, deeply personal process that blends legal, financial, and emotional decisions. While succession planning might seem like just another task on your to-do list, with the right professional guidance, it becomes something far more meaningful—a strategy to protect your life’s work and ensure your values live on through the next generation.
“Getting started doesn’t have to feel overwhelming,” encourages Castellan. “At its core, a strong plan rests on a few essential pillars.”