Farm income Archives - Page 3 of 9 - Manitoba Co-operator

Growers are starting to feel the pinch of inflation, high interest rates and rising labour costs.

Inputs strike sour note on farm cash receipt rise

Farm cash has been flowing in fast, but it’s been flowing out fast too

By Don Norman December 8, 2023

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

All provinces saw a rise in total receipts, with the strongest growth reported in Saskatchewan. Photo: Thinkstock

Crops, Livestock

Canadian farm cash receipts rise in 2022, but so do inputs

By GFM Network News, Phil Franz-Warkentin November 28, 2023

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

“The overall economy to me is going to be slowing down. It’s just a matter of when and the extent of it.” – J.P. Gervais.

News

With crop in the ground, keep an eagle eye on cost of production: management specialist

By Geralyn Wichers June 8, 2023

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

Markets

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

By Geralyn Wichers, GFM Network News May 29, 2023

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

(Stephen Ausmus photo courtesy ARS/USDA)

Livestock

Alberta poultry sector gets late entry for AgriStability

Participation deadline extended to end of month

By Dave Bedard, GFM Network News February 2, 2023

In the wake of avian influenza outbreaks in the region, Alberta poultry producers have been granted a late participation option to sign up for the federal/provincial AgriStability income stabilization program. Provincial Ag Minister Nate Horner on Wednesday announced the two levels of government have reached an agreement to allow poultry producers late participation in AgriStability

Markets

Farm cash receipts on the rise, StatCan shows

By GFM Network News, Marketsfarm November 28, 2022

MarketsFarm — Farm cash receipts improved 13.7 per cent during the first three quarters of 2022, Statistics Canada reported Monday. From January to September, those receipts reached $66.7 billion. That increase of more than $8 billion was due to higher receipts for crops, livestock and program payments. The report noted crop receipts rose 7.3 per

Op/Ed, Opinion

Opinion: Drought, war, inflation and consumer disconnect

Would the public support farm and food programs if they knew the farm income numbers?

By Alan Guebert September 27, 2022

By almost any measure, 2022 has been a tough year for most. Inflation, war, the growing consequences of climate change and then widening political divide are just a few of the compounding woes we continue to deal with. In the middle of this chaos, however, U.S. farmers received remarkably good news. According to estimates released

Livestock, Weather

Initial drought list ready for 2022 livestock tax deferrals

Much of Manitoba, southern Alberta designated for 2022

By Dave Bedard, GFM Network News August 31, 2022

Many of the Prairie livestock producers forced by drought to make “difficult herd management decisions” in the 2022 income tax year are now eligible to defer the taxable income from those decisions. Federal Agriculture Minister Marie-Claude Bibeau on Tuesday released the initial list of designated regions in Alberta, Manitoba and Saskatchewan where livestock tax deferral

The strong farm lobby has — believe it or not — resulted in very pro-farm government programming.

News, Other

Beware of ‘rent seekers’ and unintended consequences in farm policy

Ryan Cardwell, this year’s Kraft Lecturer, says government needs to have clear goals

By Allan Dawson March 10, 2022

Agriculture policy-makers need to be aware of ‘rent seekers,’ unintended consequences and the pitfalls of shoehorning more than one objective into a single policy. University of Manitoba agricultural economist Ryan Cardwell delivered that message online February 9 during the 12th annual Kraft Lecture (watch the full lecture on YouTube), named for the late Daryl Kraft,

Should farmers be pleased that land prices appear to have room to rise or should they be pleased that today’s rocketing land prices might be running out of fuel?

Op/Ed, Opinion, Other

Opinion: Up, down or sideways??

Farmland values picture becomes unclear when you delve into the numbers

By Alan Guebert March 9, 2022

It’s the choices we make in the good times, the grandson of a Kansas homesteader once told me, that determine our farming successes, not the choices we make in the bad times. Why? Because, he explained, in the good times we have the money to make big mistakes and in the bad times we’re too

Daily Network News

Strong 2025 could mean complications for Canadian grain sector in 2026 says analyst

Egyptian wheat imports to be firm as domestic output increases

Federal government to ease some restrictions on temporary foreign workers

Tag Archives Farm income