Farm cash receipts in the first half of the year were up 3.3 per cent over the same period last year buoyed by livestock receipts. Overall receipts between January and June totalled $49.6 billion, up $1.6 billion from the same period last year, Statistics Canada reported.
Tag Archives farm income
Farm cash receipts rise in first half of 2025 on livestock gains
Crop receipts roughly level, direct payments fall on reduced crop insurance
High cattle prices fail to budge cautious beef farmer spending
Canadian beef farmers in 2025 are getting paid plenty for their cattle, but the memory of bad markets and little profit is hard to shake when it comes to big spending decisions
Canadian beef farmers in 2025 are getting paid plenty for their cattle, but the memory of bad markets and little profit is hard to shake when it comes to big investments or projects on their farms.
Canadian farm liabilities outpaced equity growth in 2024
Farmers see declining ability to service debt for second consecutive year
Canadian farmers' total equity growth slowed for the first time in five years in 2024 as liabilities grew faster than assets, Statistics Canada reported. Farmland prices led to most of the growth, while declining farm income led to less ability to service debts.
Farmers’ realized net income fell $3.3 billion in 2024: StatCan
Livestock receipts rose across all sectors except poultry; crop receipts fell
Canadian farmers' realized net income declined by nearly 26 per cent in 2024 according to preliminary data from Statistics Canada. This was largely driven by declines in crop receipts as prices fell.
N.S. farmers face similar challenges to Prairies
Farms may be smaller than those in the West, but they also deal with succession planning, economics and sustainability
HALIFAX — Nova Scotia farms may be small compared to most Prairie operations, but they face similar issues. Farmers on a panel at the Canadian Farm Writers Federation annual conference in early October said succession planning, economics and sustainability are among them. Amber Creamer, policy manager with the provincial agriculture department, said there are 2,050 […] Read more
U.S. farm income to fall again
CHICAGO, Ill. (Reuters) — U.S. farm income will fall for a second consecutive year in 2024 but not as much as previously expected as prices of livestock and egg products boom and production expenses ease, the U.S. Department of Agriculture says. Declining farm income could ripple across the rural economy in a presidential election year […] Read more
Small business feels ag pain
SMITH CENTER, Kansas (Reuters) — In a tiny town surrounded by miles of rippling wheat fields, Brady Peterson’s restaurant sits nearly empty during what should be a Saturday lunch rush. Normally, Pete’s would be filled with farmers ordering fried chicken and cheeseburgers, but as farm income thins, so does Peterson’s business. Sluggish sales have slashed […] Read more
Realized farm income up, net income down
Glacier FarmMedia – Realized net farm income in Canada increased 18.3 per cent last year to $14.5 billion as growth in receipts offset a rise in expenses, according to a report from Statistics Canada. The increase followed a 4.1 per cent decline in 2022 and a 69.6 per cent increase in 2021. However, total net […] Read more
U.S. farm incomes to plummet
CHICAGO, Ill. (Reuters) — U.S. farm incomes are forecast to fall sharply for a second consecutive year as direct government payments shrink, production costs surge and growing supplies of grain and oilseeds send crop prices plunging to multi-year lows, the U.S. Department of Agriculture reported earlier this month. Declining income could lead to a ripple […] Read more
New farm income record set in 2023, estimates suggest
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. For 2023, net cash income (NCI), the main metric Agriculture and Agri-Food Canada uses to measure farm income, is forecast to have increased 13 per cent to […] Read more
