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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.



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USDA adjusts Canadian canola exports, ending stocks

Data varies from AAFC numbers

There were some notable changes to Canadian canola made in the United States Department of Agriculture world oilseed report issued on June 12. The USDA increased its call on 2024/25 canola exports and trimmed those for 2025/26, and reduced carryout projections for both marketing years.


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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.

A canola crop in full bloom.

Canola market in an enviable position

Canola exports surpass projected amount as prices near $700 a tonne mark

Old crop canola futures spiked on April 24, which put the oilseed’s July contract in a good position to climb above C$700 per tonne.

A ripe wheat plant.

Canada to seed more wheat, less canola in 2025: StatCan

Farmers also seeding more peas, corn and oats

Canadian farmers intend to plant more wheat and less canola in 2025, according to the first survey-based estimates for the upcoming growing season from Statistics Canada released March 12. Area seeded to corn, oats and peas is also expected to rise, while soybeans, barley and lentils are forecast to lose acres.