While we’ve written dozens of articles on labor shortages across the United States due to the aging demographic, retiring baby boomers, and a baby bust the past two decades, the U.S. isn’t the only country with demographic issues. From CBC.CA:
Researchers say Canada needs 30,000 new immigrants like Khan to either start up their own farms, or take over existing ones, to avoid a looming labour crisis in the agriculture industry. Some worry, however, current programs aren’t set up to attract or support that workforce.
About 40 per cent of Canadian farmers are expected to retire within the next 10 years, while 66 per cent of farmers don’t have a succession plan, according to a recent report from RBC.
CBC.CA
The trouble for Canada doesn’t stop at farmers. There are shortages of other professionals all across the board but not having enough farming capacity will cause severe problems and likely exploding inflation if the problem is not addressed.
We just hope we can still get some maple syrup for our pancakes in the near future, it may be worthwhile to start stockpiling…
Stay tuned, stay profitable and stay solvent…