Realized net income for Canadian farmers rose 18.3 per cent in 2023 to C$14.5 billion, as growth in receipts offset a rise in expenses, according to a report from Statistics Canada released May 29.
Tag Archives Farm income
Realized Canadian farm income up, net income down in 2023
Total farm cash receipts rose 4.4 per cent compared with 2022 on higher crop marketings; cattle prices
Deere cuts 2024 profit forecast as sliding farm income stifles demand
Deere has trimmed its annual profit forecast for the second time, squeezed by slumping demand for tractors and combines as falling crop prices pressure farm income.
New farm income record set in 2023, estimates suggest
Despite challenges like drought and war, Canadian farms proved resilient
Canadian farm income may have set a new record in 2023. That's according to the official 2023 and 2024
estimates released February 16 by Agriculture and Agri-Food Canada.
Number of US farms falls and size increases, census shows
Number of acres in production falls by 20 million
Farms in the U.S. continued to get larger and the number of farms fell between 2017 and 2022, new data released by the U.S. Department of Agriculture showed on Tuesday.
Economic hurdles ahead for farmers
FCC projects sliding revenue fortunes, maintains long-term optimism
A prominent Canadian ag lender is projecting a 4.8 per cent decline in farm cash receipts in 2024, thanks in part to a softening market. Consequently, its leading economist is urging producers to find any way to save money. “In this environment, I do think that management skills are absolutely critical,” said J.P. Gervais, vice-president
Comment: Looking for traction
This year had a lot of agriculture searching for normal
In early November, I put on boots with the heaviest traction I could find, opened the door and attempted to strike out for a walk with the family dog. Manitoba had just been blasted with an early shot of winter and, although it would all soon disappear, the entire landscape at the time was glazed
Inputs strike sour note on farm cash receipt rise
Farm cash has been flowing in fast, but it’s been flowing out fast too
Manitoba farm groups were unsurprised by a recent Statistics Canada report into last year’s farm income, which flagged increased farm cash receipt and higher input costs. After all, Keystone Agricultural Producers director Chuck Fossey noted, it’s almost the end of 2023. Farmers lived those price trends and have seen how things carried into this year. “We
Canadian farm cash receipts rise in 2022, but so do inputs
MarketsFarm – Canadian farmers brought in more money in 2022 compared to the previous year, but their expenses were also up resulting in a 7.7 per cent drop in realized net income to $11.8 billion, according to the latest farm income data from Statistics Canada. Data for the first three quarters of 2023 shows another
With crop in the ground, keep an eagle eye on cost of production: management specialist
With crop in the ground, keep an eagle eye on cost of production: management specialist
Canadian farmers may have received more for what they sold last year, but they paid a pretty penny to get it to market. It showed in their profit margins. Overall farm income fell by nearly 10 per cent in 2022, according to a recent report from Statistics Canada. Canadian farmers’ realized net income — the difference between cash
Net farm income down in 2022 despite high commodity prices: StatCan
Hike in farm fuel, fertilizer and feed costs is the largest in nearly 50 years
Farmers’ realized net income dropped by over eight per cent in 2022 as expenses outpaced the rise in cash receipts, a new Statistics Canada report says. Realized net income is the difference between cash receipts and operating expenses, minus depreciation and plus income in kind. When cannabis is included, realized net income dropped by nearly
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