Revenues from crops sold in Saskatchewan were down by more than 10 percent in 2010, according to fig-u re s released by the province’s bureau of statistics.
However, the reduction was largely offset by increased cash receipts from livestock sales, crop insurance payments and government support programs.
Statistics released this month pegged 2010 cash receipts for crops at $6.54 billion, down from $7.29 billion in 2009.
Revenues from the sale of wheat, durum and barley were hardest hit.
Wheat sales in 2010 were valued at $1.04 billion, down from $1.46 billion in 2009. Durum sales were valued at $542 million, down from $855 million a year earlier, and barley sales were valued at $269 million, down from $440 million.
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Revenues from the sale of livestock, dairy products, poultry and eggs rose 11 percent to $1.6 billion in 2010, compared with $1.45 billion in 2009.
Annual revenues from the sale of calves, hogs and lambs in 2010 were up 25 percent, 29 percent and 17 percent, respectively, from 2009.
Crop insurance tempered the financial impact of what was a disappointing year for many grain and oilseed growers.
Crop insurance payments, including payments from private hail insurers, were estimated at $422 million in 2010, up from $125 million in 2009.
Meanwhile, direct payments through government programs, not including the Net Income Stabilization Account program, rose 83 percent to $489 million, up from $267 million the previous year.
With all revenue sources included, total farm cash receipts in 2010 were down 1.4 percent to $9.07 billion.
Rye, flax and canola were the only bright spots for the province’s crop producers.
Rye sales were up nearly 35 percent to $10 million, flax revenues were up six percent to $192 million and 2010 canola sales were up nearly 17 percent to more than $2.7 billion.
