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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.






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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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Farm equity, asset values up in 2023: StatCan

Farms' ability to pay debts declined but balance sheet remains strong

The total equity of the Canadian farm sector rose nearly eight per cent in 2023 while farm assets rose more than seven per cent according to Statistics Canada’s 2023 balance sheet.



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Realized Canadian farm income up, net income down in 2023

Total farm cash receipts rose 4.4 per cent compared with 2022 on higher crop marketings; cattle prices

Realized net income for Canadian farmers rose 18.3 per cent in 2023 to C$14.5 billion, as growth in receipts offset a rise in expenses, according to a report from Statistics Canada released May 29.



illustration of cash flow adjustments

Challenges for 2024 cash crop economics

Cash flows must be managed carefully against rising costs and falling commodity prices

As we embark on a new production year, there are several new challenges. A recent Canadian Federation of Agriculture (CFA) report says “the cost of critical farm inputs such as fuel, fertilizer, feed, machinery, pesticides, land and labour has increased dramatically. “When coupled with high inflation, interest rates and a price on carbon for essential […] Read more