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.
New farm income record set in 2023, estimates suggest
Despite challenges like drought and war, Canadian farms proved resilient
Carbon tax an eight per cent hit on net income, APAS says
The average Saskatchewan farmer can expect to lose about eight per cent of his or her annual net farm income to the federal carbon tax to 2020 — and 12 per cent in 2022, the province’s general ag group says. The Agricultural Producers Association of Saskatchewan on Monday released new estimates on the financial impacts […] Read more
Canada’s realized net farm income way down in 2018
Stagnant farm cash receipts against significant increases in feed, fuel and interest costs have led to Canada’s biggest decline in realized net farm income in over a decade. That’s according to Statistics Canada, which on Tuesday released full-year farm income data for 2018, pegging realized net farm income for the year at $3.9 billion, down […] Read more
Input costs to chip away at farmers’ shrinking income
CNS Canada — An anticipated downturn in farm income and higher input costs mean Canadian producers will be in a tough financial position this year, the head of the National Farmers Union (NFU) predicts. Farmers’ net cash income is expected to move lower in 2016, declining nine per cent to $13.6 billion in 2016, according […] Read more
Have your financial ducks in a row before spring hits
Farm business specialist says there are four financial documents you need to prepare and share with your advisers before things get too busy
Reading Time: 1 minute Now is the time to review operating plans, investment plans and cash requirements for the upcoming year, says an Alberta Agriculture and Rural Development specialist. “The need to develop a strong business plan has been never greater,” said Rick Dehod. “With grain prices flattening, margins have been squeezed. Being proactive allows your business to strategically […] Read more
Cyber-Savvy Farmer
