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Going down: the true farm income picture
Comment, Op/Ed, Other

Going down: the true farm income picture

Farmers have seen their wealth creation scooped up by others for decades

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Farm income up in 2019” was the front-page headline in the June 4 Co-operator. Though superficially true, a closer look at the numbers demonstrates the opposite, and reveals a troubling picture. How we measure and report farm income matters. Net cash income, the measure used in the June 4 story, omits depreciation — the value
India’s Prime Minister Narendra Modi speaks to media on the Parliament premises in New Delhi in this Nov. 18, 2019 file photo. (Photo: Reuters/Altaf Hussain)
Crops, Markets

India’s levy cut on lentils part of balancing act

Global markets had zero or little forewarning of decision

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MarketsFarm — To Pulse Canada, the recent move by the Indian government to temporarily reduce the import levy on lentils from 30 to 10 per cent is part of a balancing act between competing interests. Greg Cherewyk, president of Pulse Canada, explained that Prime Minister Narendra Modi is “looking after the needs of a politically
As farmers are putting their next 
crop in, there’s controversy over how hard hit some producers have been, 
according to the latest income figures.
News

Farm income up amid calls for more farm aid

Do Prairie grain farmers need more government help? Not right now according to one producer

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Long before COVID-19 disrupted agricultural markets, Canadian farm leaders were lobbying the federal government for money to offset the effect of trade disputes and harvest problems. But the latest farm income figures don’t necessarily back that call, showing, on the whole, Canadian farmers netted more money in 2019 than the year before. 2019 Canadian farm
News

Despite low rates, farm interest costs ballooned in 2019

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Farm income may have been up in 2019, but expenses kept pace, according to government figures. Both cash receipts and operating expenses after rebates for Canadian farmers were up six per cent to $66 billion and $53 billion, respectively, according to Statistics Canada. One of the biggest increases in expenses was interest, up almost $600
cannabis background
News

Pot crop receipts obscure farm income figures

Measured by cash receipts cannabis ranks fourth behind canola, wheat and soybeans

By
It didn’t take long for cannabis to become a major crop in Canada. It was legalized for recreational use in October 2018. In 2019 cannabis cash receipts of $2.3 billion put it fourth behind canola ($8.6 billion), wheat, excluding durum ($5.4 billion), and soybeans ($2.5 billion). Cannabis narrowly beat grain corn which in 2019 generated
Plants at Delta 9 Cannabis’ indoor production facility in Winnipeg. (Dave Bedard photo)
Markets

Legalization lifts Canada’s net farm income in 2019

Livestock receipts up, unsmokeable crop receipts lower

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A significant year-over-year increase Canada booked last year in realized net farm income rests mainly on 2019’s status as the country’s first full year in the recreational cannabis market. Statistics Canada on Tuesday released full-year data on farm income, pegging Canada’s realized net farm income for 2019 at $4.9 billion — a 10.4 per cent
(Dave Bedard photo)
Crops, Markets

Pandemic to delay StatsCan’s agriculture reports

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MarketsFarm — Farmers, commodity traders and market analysts will have to wait a while for agriculture-related reports from Statistics Canada in 2020. The main reason for the delay is the COVID-19 pandemic, said John Seay, an analyst with StatsCan’s agriculture, energy, environment and transportation statistics branch in Ottawa. “Given the COVID-19 outbreak, senior management is
(Dave Bedard photo)
Markets, Weather

Canadian farmland trending less affordable in FCC report

Average values continue rising across board

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The average value of farmland in Canada is continuing to rise faster than farmers’ ability to generate revenue from it, Farm Credit Canada’s latest Farmland Values Report suggests. The report, released Monday, shows the average value of Canadian farmland rose 5.2 per cent in 2019 over 2018, the smallest year-over-year increase since 2010, and down
“Most Canadian farms continue to be in a very good financial position. The farm debt-to-asset ratio is lower than the 15-year average, and the net worth of Canadian farms has grown steadily over the past decade.” – J.P.Gervais.
News, Other

Are Canadian farmers in crisis?

According to the NFU they are, but FCC says despite tougher times the sector remains financially sound

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The National Farmers Union (NFU) says Canadian farmers are in financial crisis, but Farm Credit Canada (FCC) is less pessimistic. Farmers are facing tougher times, but not like in the 1980s, J.P. Gervais, FCC’s vice-president and chief agricultural economist, said in an interview Dec. 2. “I wouldn’t call this a crisis,” he said. After several
row of cows being milked
Editorial, Farmit Manitoba, Opinion

Editorial: Farmer support complex issue

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A recent call from the Canadian Federation of Agriculture for more support for farmers affected by trade issues raises some interesting questions. The CFA was responding to the announcement of $1.7 billion in direct payments to dairy producers over eight years, compensation for opening a portion of the dairy market to international competition under a

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