The Quebec government has corrected the situation in its tax system without it becoming a loophole to financial arrangements to circumvent the tax law. So it is possible to do it, and it is advantageous. In fact, it does not confer an additional benefit on family farms; rather, it restores fairness to related party transactions as compared to unrelated party transactions.
While in opposition, all political parties took turns supporting similar legislation. So there is no reason not to pass the bill.
The devil is always in the details, but if we decide to apply the same conditions between related persons as between unrelated persons, there are mechanisms that can be introduced to prevent people from using schemes to circumvent the tax laws. This is entirely possible. In fact, that is what the Quebec government has done through its legislation. If in doubt, I invite you to look at the Quebec tax system for inspiration, to see how Quebec has corrected the situation.
I would even add that, by making inter-family transactions more difficult or more complicated, we end up favouring large corporations. This was the case in Quebec and it is the case everywhere else in Canada. It is important to understand that large investors have tax specialists who work exclusively for them and who develop financial packages. They go to farm families to explain how much more money they would have if they sold their farm to them, who would then go on to lease the farm to their children.
What we are doing is depriving the next generations of ownership of the land. When you don't own the land, you can't develop a long-term business on it or invest in ranching. You don't have the same interest, since it no longer belongs to you. We are turning the next generation of farmers into tenants rather than landowners. In my opinion, family transactions should be favoured.