Farm Credit Canada (FCC) is predicting farm cash receipts will rise in Alberta this year — but not by much.
FCC said that 2021 was “a good year” for Canadian farmers and it estimates the final tally for farm cash receipts will be up by 10 per cent (to $79.2 billion).
In Alberta, they will be nearly $17.8 billion, up 15.3 per cent, the lender said. While the drought had a major impact, some of the 2021 cash is from crops grown in 2020 that were sold as prices rose in the last year.
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Less carry-over means modest increases in the coming year (just 1.0 per cent in Alberta). And cash receipts don’t equate to profits, which FCC says will be “challenged by input costs” in the coming year.
