Debunking Ag Myths

Myth: Farmers don’t have a succession plan

Succession planning isn’t just nice-to-have, it’s vital for any ag producer looking to control the of future their farm. Succession goes beyond a simple will –– it’s a dynamic, ongoing process that can change year to year. It’s not just about handing down land, but about handing down knowledge, financial stability, and a sense of fairness that keeps families united long after a transition.

Planning early allows for a smooth transition, whether that means passing the farm on to family or setting up an exit strategy. With a solid succession plan, producers can manage their tax burden, align with family members, and ensure everyone understands the vision, making it easier to keep the family and farm thriving.

Myth: Farmers aren’t adopting new technology

Canadian farmers may not be seen as tech pioneers, but many are embracing advanced technologies that place them at the forefront of sustainable agriculture. From AI-driven water systems that reduce irrigation needs to precision laser weed removal, today’s ag producers aren’t just cutting costs –– they’re boosting long-term sustainability.

Some producers test new tech on small plots, a smart way to gauge effectiveness before wider adoption. In regions like southern Alberta, sensors help monitor moisture and apply water only where needed. While initial costs can be high, these technologies often lead to higher yields, healthier soils, and lower input expenses, making adoption a wise investment.

Myth: Farmers are overusing chemicals

The idea that farmers are indiscriminately applying chemicals misses the mark. Ag producers have a vested interest in safe, sustainable practices, as they often eat what they grow. Many are shifting towards precision methods, such as spot spraying, which targets only affected areas and significantly reduces overall chemical use.

Producers are also turning to natural methods like cover cropping and crop rotation to keep soil healthy and deter pests. This isn’t about shortcuts –– it’s about producing crops that are safe, sustainable, and meet Canada’s high standards. As consumers demand for sustainability rises, today’s ag producers are leading the charge in responsible farming.

Myth: Farmers don’t contribute to the local economy

Ag producers are the backbone of rural economies, creating jobs and driving local growth. Every dollar spent on the farm –– whether on equipment, fuel, labour, or services –– gets reinvested in the community, supporting jobs for mechanics, truck drivers, agronomists, and more.

Beyond producing food, ag producers support local businesses and keep dollars circulating. This loop-effect amplifies each dollar spent, sustaining schools, stores, and services that makes up a thriving rural community. Far from being isolated, farmers are integral to local economic stability and vibrancy.

Myth: Irrigation isn’t viable for most farms

In specific regions like southern Alberta, irrigation is a lifeline, enabling producers to grow diverse crops in what would otherwise be dry land. While setting up an irrigation system requires investment, it offers substantial benefits, letting an ag producer control when crops get water and buffer against unpredictable rainfall.

Unlike areas that rely on aquifers, Canadian irrigation primarily uses rainwater stored from watersheds, ensuring a more sustainable approach. For producers in drier areas, irrigation isn’t just viable –– it’s game-changer, allowing them to reliably produce high-value crops and stabilize yields despite climate changes.

Myth: Farmers are drowning in debt

Rising production costs are a challenge, but many ag producers manage debt strategically as a tool for growth. Successful producers see debt as part of a long-term investment rather than a burden, balancing debt with equity to make sound financial choices.

By managing debt-to-equity ratios and controlling costs, producers can finance land or equipment while keeping debt levels sustainable. With careful planning, debt becomes an asset, empowering producers to expand, innovate, and strengthen their operations for the future.

Empowering Ag-producers to build a sustainable legacy for generations to come

Agriculture today is a forward-thinking, resilient industry that relies on a balance of tradition and innovation. By understanding the facts behind succession planning, technology adoption, sustainable chemical use, local economic contributions, irrigation viability, and smart financial management, ag producers can make informed choices that strengthen their operations and communities.

Each of these areas presents an opportunity to drive the industry forward, through responsible practices, strategic planning, and a commitment outdated assumption, today’s ag producers are providing that farming is more than just a livelihood –– it’s a lasting legacy for future generations.

Contact us

To learn more, contact Bruce Warkentin , CPA, CA, CBV.