“jumping on the corn bandwagon.” (Farmtario photo by John Greig)

Few changes expected ahead of StatCan report

It will be the second survey-based acreage report for 2024-25 from StatCan after the first was released in March. Since then, much of the Prairies received normal to above-normal amounts of precipitation while cooler temperatures have delayed development in most crops.



Photo: MJ_Prototype/iStock/Getty Images

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.


Photo: Thinkstock

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.



File photo of grain bins in Saskatchewan. (Chinaface/iStock/Getty Images)

Most Canadian grain stocks tighter than a year ago

For many of Canada’s major crops, their holdings came in lower than a year ago, as Statistics Canada released its stocks of principal field crops as of March 31 report. There were declines in all wheat, durum, oats, corn, lentils and peas, but there were increases for barley and canola while soybeans were relatively steady.

(Photo courtesy Canary Seed Development Commission of Saskatchewan)

Canary seed growers optimistic for 2024

David Nobbs, chair of the Canary Seed Development Commission of Saskatchewan and pulse merchant for Purely Canada Foods, said exports are on pace for 110,000 to 120,000 tonnes in 2023-24, compared to 150,000 to 160,000 in a typical year. Statistics Canada (StatCan) projected 125,000 tonnes of exports for 2023-24, compared to 147,000 the previous year.