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.
1.
Total farm cash receipts rose 4.4 per cent compared with 2022 on higher crop marketings; cattle prices
Despite challenges like drought and war, Canadian farms proved resilient
Number of acres in production falls by 20 million
Total farm operating expenses see largest increase in more than 40 years
Hike in farm fuel, fertilizer and feed costs is the largest in nearly 50 years
Annual FCC Economic Outlook focuses on predicted global economic slowdown
Participation deadline extended to end of month