Bonnefield’s founders realized that the long-term success of the company would require alignment of its investing activities with the best interests of Canadian farm families. As such, since 2009, Bonnefield has been creating long-term financial partnerships with Canadian farmers to help them grow, reduce debt and finance retirement and succession while protecting Canadian farmland for farming.
We have two programs for Canadian farmers: Farmland Lease Financing and Land-Unit Exchange.
Farmland Lease Financing Program
Bonnefield is Canada’s foremost provider of land-lease financing for farmers, dedicated to preserving “farmland for farming” across Canada. We partner with progressive farm operators – who embrace technology and recognize farming as a business as well as a lifestyle – and who are interested in long-term relationships.
As part of our lease, we expect farmers to follow a set of farm management best practises we call the Bonnefield Standards of Care to maintain the integrity of the land. Typically, the farmers we work with already meet these requirements in their existing farm practices. Bonnefield’s fundamental goal is to ensure that tenants have an “as-if-owned” relationship with the land they lease from Bonnefield which fosters long-term strategic planning.
- strengthen balance sheet
- improve cash flow
- retirement planning
- farm succession
- secure currently leased land
- farm growth
Land-Unit Exchange Program
Over the years, we’ve met many farmers whose single biggest asset is their land: a healthy retirement plan, but for some, a rigid one. Through the Land-Unit Exchange program farmers can transfer their land to Bonnefield on a tax deferred basis and receive the value in units of Bonnefield Canadian Evergreen Limited Partnership.
If desired, the transfer also can be structured such that the farmers receive some cash and some units. Some farmers will find the program useful for estate planning since cash and units are easier to divide amongst beneficiaries than land. And, for those farmers who aren’t ready to retire, Bonnefield offers the opportunity to continue to work the land through our Farmland Lease Financing program.
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