farm income Archives

Farm cash receipts rise in first half of 2025 on livestock gains

Crop receipts roughly level, direct payments fall on reduced crop insurance

By Geralyn Wichers August 29, 2025

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.

News

Land trusts empower landowners while preserving farmland

Ontario Farmland Trust establishes groundwork for a provincial agricultural land reserve

By Diana Martin June 24, 2025

The Ontario Farmland Trust (OFT) easements protect agricultural land, creating a reserve that remains impervious to provincial policy changes and development pressures, while bolstering food production and sustainable farming.

News

Canadian farm liabilities outpaced equity growth in 2024

Farmers see declining ability to service debt for second consecutive year

By Geralyn Wichers June 20, 2025

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.

Some insurance holders shocked to learn they weren’t covered after roof collapse due to snow loads this winter.

News

Insurance costs a rising concern for Ontario farmers

Climate risks, rising replacement costs and reinsurer “hard market” impact premiums

By Diana Martin June 12, 2025

Insurance is a growing concern within Ontario’s farming sector.

News

Farmers’ realized net income fell $3.3 billion in 2024: StatCan

Livestock receipts rose across all sectors except poultry; crop receipts fell

By Geralyn Wichers May 28, 2025

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.

Crops, News

Farmers’ realized net income fell $3.3 billion in 2024: StatCan

Livestock receipts rose across all sectors except poultry; crop receipts fell

By Geralyn Wichers May 28, 2025

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.

USDA forecasts smaller drop in 2024 farm income

By P.J. Huffstutter September 5, 2024

Chicago | 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 […] Read more

News

Farm equity, asset values up in 2023: StatCan

Farms' ability to pay debts declined but balance sheet remains strong

By Geralyn Wichers June 20, 2024

The total equity of the Canadian farm sector rose nearly eight per cent in 2023 while farm assets rose more than seven per cent according to Statistics Canada’s 2023 balance sheet.

Mark Tuttle digs through soil to find soybean sprouts at his soy farm in Somonauk, Illinois, U.S., May 30, 2024. REUTERS/Jim Vondruska

News

US farmers opt for soy to limit losses as all crop prices slump

By Karl Plume, Reuters June 4, 2024

In March, the U.S. Department of Agriculture forecast farmers would plant 86.5 million acres of soybeans nationwide this spring, the fifth most ever. Some analysts expect soybean acres to increase by another million acres or more as heavy rains close the window on corn planting.

Markets, News

Realized Canadian farm income up, net income down in 2023

Total farm cash receipts rose 4.4 per cent compared with 2022 on higher crop marketings; cattle prices

By Phil Franz-Warkentin May 29, 2024

Realized net income for Canadian farmers rose 18.3 per cent in 2023 to C$14.5 billion, as growth in receipts offset a rise in expenses, according to a report from Statistics Canada released May 29.

Tag Archives farm income

Farm cash receipts rise in first half of 2025 on livestock gains

Land trusts empower landowners while preserving farmland

Canadian farm liabilities outpaced equity growth in 2024

Insurance costs a rising concern for Ontario farmers

Farmers’ realized net income fell $3.3 billion in 2024: StatCan

Farmers’ realized net income fell $3.3 billion in 2024: StatCan

USDA forecasts smaller drop in 2024 farm income

Farm equity, asset values up in 2023: StatCan

US farmers opt for soy to limit losses as all crop prices slump

Realized Canadian farm income up, net income down in 2023

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