The government of Saskatchewan has tightened its already stringent land ownership rules, prohibiting out pension funds and any business with any overseas-issued debt on its books, from owning land.
The provincial government has also beefed up the Farm Land Security Board, with new powers to enforce the rules, and issue large fines.
The move is meant to protect farmers in Canada's biggest wheat-growing province from spiralling rents.
The measures, which have been in the pipeline since April this year, were announced by agriculture minister Lyle Stewart on Tuesday.
Investors pile in
Saskatchewan farmland has proved popular with investors over the past few years....MORE
A report released by Farm Credit Canada earlier in the year showed that the value of Saskatchewan farmland rose by 18.7% last year, the fastest growth of any province in Canada....