(Dave Bedard photo)

Farm incomes set to fall from record high

Reuters — Canadian farm incomes look set to fall in 2016 after a year of record profits, but will still reach above-average levels, according to a report from the federal government. Rising receipts for crops and livestock have boosted incomes in recent years, due to greater demand in developing countries and a weak Canadian dollar,

farmer by grain silos

What do you really think about AgriInvest? — CFA wants to know

The Canadian Federation of Agriculture says the quick, web-based survey is intended to help encourage governments to improve the program under the next Growing Forward framework

How do farmers use AgriInvest and how can the business risk management program be improved? That’s what the Canadian Federation of Agriculture (CFA) wants to learn from a survey of farmers as it prepares for the next federal-provincial-territorial farm program starting April 1, 2018, replacing Growing Forward 2. “We want to make sure we are


(Keith Weller photo courtesy ARS/USDA)

Farm kids: Don’t worry about wages

A new study by Cornell University agricultural economists says family members who work on the family dairy farm make $22,000 less annually than comparable hired managers, but are handsomely compensated with “socioemotional” wealth. “While $22,000 seems like a large penalty, there are non-financial rewards they experience working for the family business,” Loren Tauer, professor at

Bags Of Money On A Farm Field

Editorial: Risk management on the farm

What does the future hold for farm stabilization payments in Canada?

Changes to AgriStability three years ago that were designed to limit the exposure of federal and provincial coffers appear to have been more successful than politicians and bureaucrats ever imagined. The changes implemented for 2013 reduce the potential for a payment as well as the potential size of payment. It now appears the number of


Manitoba farmer Les Harris

Manitoba farmers dropping out of AgriStability

Changes to the program three years ago made it less effective

Changes three years ago to AgriStability have prompted some Manitoba farmers to abandon the income stabilization scheme because the cost is too high and the potential for payments too low. Federal statistics show the number of farmers enrolled in the program has dropped about nine per cent since 2012. However, if informal surveys by Keystone

AAFC Says Market Income Up, Program Payments Down

Higher grain and livestock prices pushed Canadian farm income higher than originally projected in 2010 and, by contrast, 2011 won’t look as rosy, says an Agriculture Canada forecast. But for the foreseeable future, prospects look bright for Canadian agriculture. “Net cash income and average net operating income in 2011 are forecast to drop by 13


U.S. Reports Record Net Farm Income

The U.S. farm sector is enjoying a broad-based boom, thanks to surging prices and vociferous demand from China, Agriculture Secretary Tom Vilsack said Dec. 1. U.S. net cash farm income will rise 34 per cent to a record $92.5 billion this year, one of the the rosiest years for American agriculture in four decades. “The

Canada Farm Income Falls Slightly In 2009

Canadian farmers’ net income slipped slightly in 2009 as sales revenue for livestock fell faster than declining farm expenses, Statistics Canada said on May 25. Realized net farm income – the difference between a farmer’s cash receipts and operating expenses minus depreciation plus income in kind – eased 0.3 per cent to $3.6 billion ($3.3


Canada Farmers Earning Less Income In 2009

Canadian farmers are earning less so far in 2009 as grain prices have slipped and the United States is buying less Canadian livestock, Statistics Canada said Nov. 24. Farm cash receipts, which include crop and livestock revenues plus payments from government programs, dropped 4.2 per cent to $32.8 billion from January through September compared with

Manitoba Trails The Pack In Net Farm Income

Large increases in fertilizer and fuel costs are being blamed for a sharp drop in Manitoba farmers’ net income last year. Manitoba’s net cash farm income dropped to $725 million in 2008 – down 8.6 per cent from 2007.Netcash income is the difference between total farm cash receipts, including payments, and total operating expenses after