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What Impact Can Regenerative Farming Have on Climate Change?

By Esther Ngumbi

Regenerative agricultural practices are a set of rejuvenating farming and agricultural sustainable practices that seek to boost soil health, water resources, soil organic carbon sequestration, and soil biological diversity.

These sustainable practices include cover cropping, crop rotation, planting diverse crops, minimizing soil disturbance, using less fertilizers, agricultural inputs, and chemical pesticides, and incorporating livestock.

Adopting regenerative practices has been documented to bring multiple benefits including building soil health and quality, [and] improving biodiversity, all while helping to mitigate the effects of climate change. For example, research has revealed that cover crops can improve soil health and increase the abundance of beneficial insect communities.

 

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2024 AGM Day 1 Panel - Succession Planning & Risk Management

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Statistics Canada’s 2021 Census of Agriculture indicates that 75% of all farms operating in Canada operate as sole proprietorships or family partnerships. While incorporated farms make up just over a third of Canadian farm operations most of those are also family-run corporations. If the issue of farm succession planning is not on the minds of Canadian farm producers, it probably should be. That same Statistics Canada Census of Agriculture indicates that the average age of a Canadian farmer is 56 years of age with the 55 plus age group becoming the fastest growing segment in Canadian agriculture.

Despite these statistics, the same Census reports that only 1 in 10 Canadian farm operations have a formal succession plan. While each farm has its unique issues when it comes to transferring the business to the next generation, there are some common topics that almost all farmers must address. Join financial, legal, and tax experts to learn about how to begin the process, key tips on ensuring a smooth transition from one generation to the next, and how to manage the strong emotions the topic can create within the family.