63
submitted 5 months ago by girlfreddy@lemmy.ca to c/canada@lemmy.ca

When asked if young, aspiring farmers ever inquired about buying his farm, Marcus Collinson just laughs.

"No young farmers are buying farms," he said, adding it's why he sold his four properties southwest of London, Ont., to an investor in May and June 2020.

The Toronto-based company that bought them is Bonnefield, Canada's first and largest farm real estate investment corporation. It holds more than $1.4 billion in assets across seven provinces, representing 140,000 acres (nearly 56,656 hectares) of farmland, according to its website.

According to Ontario land registry records, Bonnefield shows up as the owner in 464 premises identification numbers (PIDs), from northern to southern Ontario. Each PID is linked to a specific parcel of land rather than a business or a person.

you are viewing a single comment's thread
view the rest of the comments
[-] swordgeek@lemmy.ca 6 points 5 months ago

A handful of years ago, I read an article which concluded that unrestrained capitalism will inevitably result in an entire industry sector being controlled by roughly three companies, working as a collusive oligopoly.

If you're a plucky startup in any industry whatsoever, expect to get bought or buried as soon as you're big enough to be noticed.

[-] healthetank@lemmy.ca 5 points 5 months ago

If you happen to remember or find that article I'd be very interested in reading it!

[-] swordgeek@lemmy.ca 3 points 5 months ago

Believe me, if I find it again I will bookmark it, download it, and probably even print it. (Same as I did with Umberto Eco's 14 Common Features of Fascism.) And I'll let you know.

[-] psvrh@lemmy.ca 3 points 5 months ago

A handful of years ago, I read an article which concluded that unrestrained capitalism will inevitably result in an entire industry sector being controlled by roughly three companies, working as a collusive oligopoly.

This was a punchline in Kurt Vonnegut's Jailbird

this post was submitted on 03 Jun 2024
63 points (100.0% liked)

Canada

7185 readers
314 users here now

What's going on Canada?



Communities


๐Ÿ Meta


๐Ÿ—บ๏ธ Provinces / Territories


๐Ÿ™๏ธ Cities / Local Communities


๐Ÿ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


๐Ÿ’ป Universities


๐Ÿ’ต Finance / Shopping


๐Ÿ—ฃ๏ธ Politics


๐Ÿ Social and Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS