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

Canada

8154 readers
2329 users here now

What's going on Canada?

Related Communities

🍁 Meta

πŸ—ΊοΈ Provinces / Territories

πŸ™οΈ Cities / Local Communities

Sorted alphabetically by city name.

πŸ’ SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer

πŸ’» Schools / Universities

Sorted by province, then by total full-time enrolment.

πŸ’΅ Finance, Shopping, Sales

πŸ—£οΈ Politics

🍁 Social / Culture

Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

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

founded 4 years ago
MODERATORS
otter
mp3
63
Investors reshaped Canadian home real estate. Something similar is happening in agriculture (www.cbc.ca)
submitted 9 months ago by girlfreddy to c/canada
20 comments fedilink hide all child comments
 

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
[–] healthetank 15 points 9 months ago (2 children)

Makes sense this is how capitalism will grow - once you've refined and streamlined things as best as possible and maximized your market, your next way to continue to grow is to buy up more companies (or farmland) or expand their operations into more sectors so line goes up.

Seems like we need to figure out a way to prevent this from becoming a race to the bottom in terms of quality (and a race to the top for company profits), or turning into mega-corpos only.

[–] Poutinetown 6 points 9 months ago (1 children)

Opening up the tools for becoming competitive in the market would be a good start. Crazy that it's harder to start your own farm or restaurant than to build your own web service company or open your own online clothing brand.

[–] Someone 3 points 9 months ago

I think the number one factor there is real estate. You can't start a farm out of your apartment and restaurants can't easily exist out in the boonies where rent is cheaper.

[–] swordgeek 6 points 9 months ago (2 children)

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 5 points 9 months ago (1 children)

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

[–] swordgeek 3 points 9 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 3 points 9 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