Glacier FarmMedia – Canada’s agricultural producers enjoyed record revenues in the first six months of 2021, thanks to high commodity prices, brisk sales and strong global demand for agricultural products. According to Statistics Canada, total farm cash receipts across the country exceeded $38.2 billion in the first six months of 2021, a year-over-year increase of […] Read more
Tag Archives farm income — page 3
Farm revenue reaches record levels
Ontario fares well but drought could decrease value of year-end receipts nationally
U.S. pegs farm income at eight-year high amid strong corn, soy prices
U.S. farmers’ net income is projected to jump 19.5 per cent this year to an eight-year high of $113 billion, the U.S. Department of Agriculture said on Sept. 2 in a sharp reversal from a February forecast for a decline in profits. A surge to eight-year highs in U.S. corn and soybean prices this spring has brightened […] Read more
B.C. again waives ag income threshold for farm properties
Some farms otherwise risked property tax reclassification
British Columbia farmers who’ve taken pandemic-induced losses in farm income will be able to keep their farm properties classified as such for another tax year. The province on Monday announced that for the second year running, it will waive the minimum farm income thresholds normally required for B.C. properties to be classified as farms for […] Read more
StatsCan shows 2020 farm income up significantly
Farm cash receipts were up more than expenses
Canadian farm income, no matter how it’s measured, was up a lot in 2020, data released Wednesday by Statistics Canada show. Canadian net farm income of $18.1 billion is up $4.8 billion from 2019 — a 36.5 per cent increase. Another measure — realized net farm income (RNFI) — saw farmers take in $9.9 billion, […] Read more
USDA can steer farm aid money to fight climate change, Vilsack says
Reuters — The White House wants to tap a pool of funds from the U.S. Department of Agriculture’s Commodity Credit Corp. (CCC) to support on-farm efforts to fight climate change, Tom Vilsack, President Joe Biden’s nominee to run the USDA, said Tuesday. The Depression-era program of up to $30 billion in annual funding was tapped […] Read more
Former federal ag minister Don Mazankowski, 85
Long-time Alberta Tory MP deemed a 'minister of everything'
A private memorial is planned for long-time Alberta MP Don Mazankowski, whose work in the cabinets of prime ministers Brian Mulroney and Joe Clark included a stint as Canada’s minister of agriculture. Mazankowski, the MP for the east-central Alberta riding of Vegreville from 1968 to 1993, died late Tuesday at age 85, his family said […] Read more
Bibeau not considering closing AgriInvest accounts
Minister wouldn't order farmers to pull funds
Federal Agriculture Minister Marie-Claude Bibeau is not considering ordering producers to withdraw from their AgriInvest accounts. “Not in this way. All the options are on the table for the future, but I’ve never considered asking them to withdraw, to empty their accounts, to face COVID-19,” she said in an interview Friday. Bibeau had previously expressed […] Read more
India’s levy cut on lentils part of balancing act
Global markets had zero or little forewarning of decision
MarketsFarm — To Pulse Canada, the recent move by the Indian government to temporarily reduce the import levy on lentils from 30 to 10 per cent is part of a balancing act between competing interests. Greg Cherewyk, president of Pulse Canada, explained that Prime Minister Narendra Modi is “looking after the needs of a politically […] Read more
Legalization lifts Canada’s net farm income in 2019
Livestock receipts up, unsmokeable crop receipts lower
A significant year-over-year increase Canada booked last year in realized net farm income rests mainly on 2019’s status as the country’s first full year in the recreational cannabis market. Statistics Canada on Tuesday released full-year data on farm income, pegging Canada’s realized net farm income for 2019 at $4.9 billion — a 10.4 per cent […] Read more
Pandemic to delay StatsCan’s agriculture reports
MarketsFarm — Farmers, commodity traders and market analysts will have to wait a while for agriculture-related reports from Statistics Canada in 2020. The main reason for the delay is the COVID-19 pandemic, said John Seay, an analyst with StatsCan’s agriculture, energy, environment and transportation statistics branch in Ottawa. “Given the COVID-19 outbreak, senior management is […] Read more
Cyber-Savvy Farmer
