The Saskatchewan government has passed new regulations to ensure the province’s farm land remains under Canadian ownership and out of the hands of foreign investors or pension funds.

Amendments to The Saskatchewan Farm Security Act remove a long-standing exemption that allowed the Canada Pension Plan Investment Board (CPPIB) to own farm land in the province. The changes also give the Farm Land Security Board stronger powers to issue fines and enforce compliance with the act.

Agriculture Minister Daryl Harrison said protecting local ownership of Saskatchewan farm land is a key government priority.

“The protection of Saskatchewan farm land is a priority for the Government of Saskatchewan and the Ministry of Agriculture,” Harrison said. “These changes ensure that Saskatchewan farm land is

See Full Page