Average income for families operating a single farm in Canada grew by 0.9 per cent to $216,021 in 2023 compared to 2021. However, this was driven by higher off-farm income.
Tag Archives farm income
Farm family income gains driven by off-farm earnings: StatCan
Farm families gain clarity from financial transparency
Farm Family Coach: It doesn’t mean having to share every personal expense or do away with clear boundaries in leadership
On family farms, especially multi-generational operations, being open about finances isn’t just good practice — it’s essential for business survival and harmonious relationships, Alyssa Brown writes.
Editor’s Rant: Reward v. risk
Where’s the incentive for early adopters?
A new report suggests Canadian farmers need to proactively focus on reducing the risks now covered by government-backed business risk management (BRM) programs — but will need supports to do so.
Faster growth for farmland values in first half of 2025 says FCC
Canadian farmland values rose by an average of six per cent in the first half of 2025 according to a new report from Farm Credit Canada.
Farm cash receipts rise in first half of 2025 on livestock gains
Crop receipts roughly level, direct payments fall on reduced crop insurance
Farm cash receipts in the first half of the year were up 3.3 per cent over the same period last year buoyed by livestock receipts. Overall receipts between January and June totalled $49.6 billion, up $1.6 billion from the same period last year, Statistics Canada reported.
Canadian farm liabilities outpaced equity growth in 2024
Farmers see declining ability to service debt for second consecutive year
Canadian farmers' total equity growth slowed for the first time in five years in 2024 as liabilities grew faster than assets, Statistics Canada reported. Farmland prices led to most of the growth, while declining farm income led to less ability to service debts.
Farmers’ realized net income fell $3.3 billion in 2024: StatCan
Livestock receipts rose across all sectors except poultry; crop receipts fell
Canadian farmers' realized net income declined by nearly 26 per cent in 2024 according to preliminary data from Statistics Canada. This was largely driven by declines in crop receipts as prices fell.
Shifts in the cash crop economics outlook for 2025
Farm Business Management: The bottom line is, be very cautious about your expenditures for this year
All told, be very cautious about your expenditures for this year. Try to save on expenses wherever you can. Be extra-careful about new capital expenditures such as machinery, buildings, land and major equipment.
Ratios help tell the financial story on beef farms
Costs of Production: Benchmarks provide evaluations of how costs relate to income
Beef operation ratios such as gross margin, gross income and contribution margin can help farmers evaluate their businesses
USDA forecasts smaller drop in 2024 farm income
Chicago | Reuters – U.S. farm income will fall for a second consecutive year in 2024, but not as much as previously expected as prices of livestock and egg products boom and production expenses ease, the U.S. Department of Agriculture said on Thursday. Declining farm income could ripple across the rural economy in a presidential […] Read more
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