Deere has trimmed its annual profit forecast for the second time, squeezed by slumping demand for tractors and combines as falling crop prices pressure farm income.
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Tag Archives farm income
Deere cuts 2024 profit forecast as sliding farm income stifles demand
New farm income record set in 2023, estimates suggest
Despite challenges like drought and war, Canadian farms proved resilient
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.
Number of US farms falls and size increases, census shows
Number of acres in production falls by 20 million
Farms in the U.S. continued to get larger and the number of farms fell between 2017 and 2022, new data released by the U.S. Department of Agriculture showed on Tuesday.
Canadian farm cash receipts rise in 2022, but so do inputs
Total farm operating expenses see largest increase in more than 40 years
Glacier FarmMedia – Farm revenues have been good in 2023 despite falling crop prices, according to Statistics Canada. Farm cash receipts for Canadian farmers totalled $72.5 million over the first […] Read more
Canadian farm cash receipts rise in 2022, but so do inputs
MarketsFarm – Canadian farmers brought in more money in 2022 compared to the previous year, but their expenses were also up resulting in a 7.7 per cent drop in realized […] Read more
Net farm income down in 2022 despite high commodity prices: StatCan
Hike in farm fuel, fertilizer and feed costs is the largest in nearly 50 years
Farmers’ realized net income dropped by over eight per cent in 2022 as expenses outpaced the rise in cash receipts, a new Statistics Canada report says. Realized net income is […] Read more
Farm revenues should rise in 2023, but so will costs
Annual FCC Economic Outlook focuses on predicted global economic slowdown
Food price inflation and labour market volatility remain the post-pandemic factors to watch, Farm Credit Canada finance specialists said during the agency’s annual economic outlook Jan. 24. Although challenges like […] Read more
Alberta poultry sector gets late entry for AgriStability
Participation deadline extended to end of month
In the wake of avian influenza outbreaks in the region, Alberta poultry producers have been granted a late participation option to sign up for the federal/provincial AgriStability income stabilization program. […] Read more
Farm cash receipts on the rise, StatCan shows
MarketsFarm — Farm cash receipts improved 13.7 per cent during the first three quarters of 2022, Statistics Canada reported Monday. From January to September, those receipts reached $66.7 billion. That […] Read more
Initial drought list ready for 2022 livestock tax deferrals
Much of Manitoba, southern Alberta designated for 2022
Many of the Prairie livestock producers forced by drought to make “difficult herd management decisions” in the 2022 income tax year are now eligible to defer the taxable income from […] Read more
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