Thank you.
Agriculture is the foundation of a nation. Feeding people is the most important activity. We must continue to properly recognize this economic activity and adequately support our farmers.
With rising interest rates, costs and concerns, is there a way to restore profitability margins? Are the profits still there?
I am especially interested in the next generation of farmers. Mr. Caron, you mentioned a few times the youth in agriculture. In 2021, before the last election, we had finally passed a bill to facilitate the sale of businesses, including farm businesses within the family. The government would not move forward. The committee revived the issue over the summer. The government finally went ahead, but said it would eventually come back to clarify the terms and conditions. Since then, accountants have been saying that they can't do these transactions because they don't have direction from the government.
With the new legislation, is the sale of a farm business to a family member done correctly or is it still problematic?