Sep 21, 2014
Home| Tools| Events| Blogs| Discussions Sign UpLogin

Canada Farm Income Rose 31.7% in 2012, Statistics Canada Says

November 26, 2013
piggy bank savings money
  

Net income of Canadian farmers rose 31.7 percent in 2012 following increases in grain and oilseed prices, Statistics Canada said today.

Net income rose to C$7.27 billion ($6.90 billion) last year, up from C$5.52 billion a year earlier, the government agency said. Net income climbed in all provinces, with the increase following gains of 56.3 percent in 2011 and 16.9 percent in 2010.

Farm cash receipts, which include cash received from crop and livestock sales, gained 9.2 percent in 2012 to C$54.2 billion after an 11.9 percent rise in the previous year. Receipts for wheat excluding durum gained 18.4 percent in 2012 while canola receipts rose 7.3 percent, Statistics Canada said.

Wheat, Canada’s biggest crop, rose 19 percent in 2012 on the Chicago Board of Trade, and canola traded in Winnipeg increased 13 percent.

Farm-operating expenses rose 6.7 percent to C$40.8 billion, due in part to higher spending on feed and fertilizer, the government agency said.

See Comments

RELATED TOPICS: Farm Business, News, Global Markets

 
Log In or Sign Up to comment

COMMENTS

No comments have been posted



Name:

Comments:

Receive the latest news, information and commentary customized for you. Sign up to receive the AgWeb Daily eNewsletter today!.

 
 
Enter Zip Code below to view live local results:
bayer
 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions