Canadian Farmland - Quebec Provincial Fact Sheet

Canadian Farmland - Quebec Provincial Fact Sheet

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  VERIPATH FARMLAND FUNDS FARMLAND FACTSHEETS – QUEBEC
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  COPYRIGHT2022 1 QUEBEC OWNERSHIP REGULATIONS: Acorporation or other legal person is deemed to be a Quebec resident if a majority of shares or interests are owned by Quebec residents; a majority of its directors are resident in Quebec; and it is not directly or indirectly controlled by non-residents. In considering an application for a purchase of farmland by a non-resident, the Commission will grant an authorization if: the land concerned is not suitable for the cultivation of soil or the raising of livestock; or the non-resident intends to settle in Quebec and will live in Quebec for three out of the next four years and will become a Canadian citizen or permanent resident at the end of that period. The amendments have also introduced an annual limit on the number of hectares that can be purchased by non- residents. The Commission may only authorize 1,000 hectares of farmland to be acquired, per year, by foreign corporations or persons not intending to settle in Quebec, although it may examine additional applications. “We have neglected the truth that a good farmer is a craftsman of the highest order, a kind of artist.” ― Wendell Berry “I would rather be on my farm than be emperor of the world.” ― George Washington KEY METRICS: Arable land (million acres) Percent of Canadian farmland Veripath portfolio model weighting Sharpe ratio Total crop production (million metric tonnes) 8 5% 4% 1.1 280 5 Average farm size (acres) 65% Corn 23% Soybean MAJOR CROPS: 3%Barley 4%Oats 5%Wheat
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The use made of the information and conclusions set forth in this paper is solely at the risk of the user of this information. This paper is intended only as general information presented for the convenience of the reader and should not in any way be construed as investment or other advice whatsoever. Veripath is not registered as an investment dealer or advisor in any jurisdiction and this report does not represent investment advice of any kind. The reader should seek the advice of relevant professionals (including a registered investment professional) before making any investment decisions. Veripath Farmland LP and Veripath Farmland (UR) LP have retained Qwest Investment Fund Management Ltd. to provide certain of its services, including oversight and approval of net asset value (NAV) calculations, subscription and redemption processes, as well as access to Fundserv Inc.’s platform. The opinions and views expressed in this paper are subject to change or modification without notice, and Veripath does not undertake to update or supplement this or any other of its reports or papers as a result of a change in opinion stated herein or otherwise. #300, 4954 Richard Rd SW, Calgary, AB T3E 6L1 www.veripathpartners.com SOURCES Sources: Statistics Canada, CANSIM Database Table Number 001-0010; and Alberta Agriculture and Forestry, Statistics and Data Development Section, Health of our Soils, Sharpe ratio = (2008- 2018) Veripath analytics, using Risk Free Rate = 3%, Veripath portfolio model weighting is as of 2021, average farm size as of 2016, crop production date is 2020 in million metric tonnes.