Canadian Net Farm Income Up – Ontario’s DownMay 26, 2016 6:05am
Statistics Canada reports 2015 realized net farm income in this country was up over 9 per cent from 2014.
Realized net income is defined as the difference between a farmer’s cash receipts and operating expenses, minus depreciation, plus income in kind.
Ontario was one of the provinces where realized net farm income dropped in 2015, while it rose in Newfoundland and Labrador, Saskatchewan, Alberta and British Columbia.
Farm cash receipts were up 2 point 7 per cent.
Crop receipts posted a 5 point 2 per cent increase while livestock receipts were down 0 point 2 per cent.
Receipts for producers in the supply-managed sectors were up 3 tenths of a per cent.
Operating expenses were up 1 point 2 per cent.