Saskatchewan government moves to limit farmland ownership
The Saskatchewan government is introducing legislative amendments to restrict the ownership of farmland. The proposed amendments include making pension plans, administrators of pension fund assets, and trusts ineligible to buy farmland. They also define “having an interest in farmland” to include any type of interest or benefit that is "normally associated" with owning land. The financing of a purchase of farmland must also be through a financial institution registered to do business in Canada, or a Canadian resident. Earlier this year, the Canada Pension Plan Investment Board (CPPIB) expressed concern about efforts to limit farmland investment in Saskatchewan.
21 October 2015•3 mins read
