If you’re a Canadian farmer struggling with overwhelming debt, you’re not alone. In fact, according to Statistics Canada data released in June 2023, Canadians owe roughly $1.85 to consumer credit, mortgage, and non-mortgage loans for every dollar of disposable income.

The current economic environment, marked by high inflation, rising interest rates, and geo-political conflict has made it especially difficult for business owners to stay on track or grow at anticipated rates. Farm owners are feeling the pinch and uncertainty can exacerbate an already taxing situation.

Insolvency will look different for every farm. Whether it’s engaging in restructuring or filing for bankruptcy, there are various options available to farmers in need of a financial solution.

MNP’s insolvency team of Licensed Insolvency Trustees (LITs) and advisors can assist in determining your options, what approach is the best for you and your operation, and how to help you look towards financial freedom in the future.

What's your challenge?

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Struggling to pay bills

If making ends meet has become impossible, it’s important to act sooner than later. It can be incredibly stressful trying to manage the day-to-day operations of your farm when fielding calls from creditors. MNP’s team can help you assess your financial situation and find a solution that will get you back on track.

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Planning for Retirement

Financial worries can make it difficult to plan for the future of your farm or your retirement. If your retirement goals are seeming more unrealistic, knowing your options and the realistic timelines that you can achieve them will give you peace of mind.

How we can help

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Exploring options for Bankruptcy or  Restructuring

Even though it might not feel like it, there are ways to resolve your debt. Our experienced team of LITs will assess your farm’s finances, help you decide which option is the best for you, and will be there to support you throughout the process.

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Comprehensive Transition planning and Insolvency Management Solutions

Setting goals for your retirement and determining the steps it will take to reach them doesn’t have to be scary. An MNP LIT will walk you through the process and show you what your future could look like. With the added help of MNP’s succession team, planning for your retirement after insolvency can be extremely rewarding.

Frequently asked questions



  • Agility

    February 14, 2024

    How leveraging digital tools can support successful farm planning

    How can leveraging digital tools help you make informed decisions to support the long-term future of your farming operation?

  • February 05, 2024

    Effective business planning: Optimizing strategy and adaptability for Canadian dairy producers

    Having a business plan is not a novel concept but building a solid foundation for the future with thoughtful planning can safeguard your operation from the uncertainties of business ownership.

  • Confidence

    December 20, 2023

    Bare trusts: Many Ontario farmers expected to have new tax filing requirements

    The end of 2023 brings a new tax filing burden for farmers with regards to bare trusts. Learn how this new legislation with have a significant impact.

Contact the Agriculture Insolvency Team


Grant Bazian, CIRP, LIT


Grant Bazian, LIT, CIRP is the President of MNP’s Insolvency Practice. Based in Vancouver, Grant oversees all areas of MNP’s Corporate and Consumer insolvency services from inception to completion, including bankruptcies, receiverships, proposals, CCAAs, business reviews, viability assessments, liquidations, and agency appointments. He also liaises with all MNP Licensed Insolvency Trustees on marketing, professional development, best practices, policies, procedures and expansion.

With over 23 years of experience, Grant has worked on many diverse projects, including forensic accounting engagements, forensic audits, dispute consultation, calculation of business interruption losses and shareholder disputes. He has also worked in a wide variety of industries, including retail, agriculture, forestry, manufacturing, airlines, marine, recreational, trucking, mechanics, home building, contracting, real estate, pharmaceutical, hospitality, entertainment, property management and diamond production.

Grant earned a Bachelor of Science degree from the University of Alberta and an Honours Accounting Diploma from the Northern Alberta Institute of Technology. He is also a Government Licensed Insolvency Trustee and holds his Chartered Insolvency and Restructuring Professionals designation.

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