The Saskatchewan Government has made regulatory amendments to ensure Saskatchewan farm land is Canadian-owned.
It also clarified clarifying the Farm Land Security Board’s powers to enforce regulatory compliance.
Amendments to The Saskatchewan Farm Security Regulations, which support The Saskatchewan Farm Security Act, remove the exemption for the Canada Pension Plan Investment Board (CPPIB) to own Saskatchewan farm land and provide further clarification on the Board’s abilities to issue monetary administrative penalties for specific contraventions of the Act and regulations.
Agriculture Minister Daryl Harrison said the government is working to ensure that Saskatchewan farm land remains in the hands of Canadian owners and supports the needs of Saskatchewan producers.