Reading Time: 2 minutes Farmers’ realized net income dropped by over eight per cent in 2022 as expenses outpaced the rise in cash receipts, a new Statistics Canada report says. Realized net income is the difference between cash receipts and operating expenses, minus depreciation and plus income in kind. When cannabis is included, realized net income dropped by nearly […] Read more
Net farm income down in 2022 despite high commodity prices: StatCan
Hike in farm fuel, fertilizer and feed costs is the largest in nearly 50 years
Alberta poultry sector gets late entry for AgriStability
Participation deadline extended to end of month
Reading Time: 2 minutes In the wake of avian influenza outbreaks in the region, Alberta poultry producers have been granted a late participation option to sign up for the federal/provincial AgriStability income stabilization program. Provincial Ag Minister Nate Horner on Wednesday announced the two levels of government have reached an agreement to allow poultry producers late participation in AgriStability […] Read more
Farm cash receipts on the rise, StatCan shows
Reading Time: < 1 minute MarketsFarm — Farm cash receipts improved 13.7 per cent during the first three quarters of 2022, Statistics Canada reported Monday. From January to September, those receipts reached $66.7 billion. That increase of more than $8 billion was due to higher receipts for crops, livestock and program payments. The report noted crop receipts rose 7.3 per […] Read more
Initial drought list ready for 2022 livestock tax deferrals
Much of Manitoba, southern Alberta designated for 2022
Reading Time: 3 minutes Many of the Prairie livestock producers forced by drought to make “difficult herd management decisions” in the 2022 income tax year are now eligible to defer the taxable income from those decisions. Federal Agriculture Minister Marie-Claude Bibeau on Tuesday released the initial list of designated regions in Alberta, Manitoba and Saskatchewan where livestock tax deferral […] Read more
Former federal agriculture minister Bob Speller, 65
Ontario MP served in Paul Martin's cabinet
Reading Time: 2 minutes A memorial will be held next week for Bob Speller, the Ontario businessman who served as Canada’s agriculture minister in the thick of the country’s BSE crisis. Speller, the MP for the southwestern Ontario riding of what’s now Haldimand-Norfolk from 1988 to 2004, died Thursday at age 65. A cause of death wasn’t given in […] Read more
The value of Alberta farms rises again
Rising land prices – fuelled by higher crop prices – up by $8 billion but debt also rose in 2020
Reading Time: 3 minutes Glacier FarmMedia – You’re richer than you think — and you owe more, too. That could be the theme of StatsCan’s latest snapshot of farm equity, the number you get when subtracting farm debts from the value of assets. If you had put all of the assets of every farm in Canada on the auction […] Read more
B.C. again waives ag income threshold for farm properties
Some farms otherwise risked property tax reclassification
Reading Time: 2 minutes British Columbia farmers who’ve taken pandemic-induced losses in farm income will be able to keep their farm properties classified as such for another tax year. The province on Monday announced that for the second year running, it will waive the minimum farm income thresholds normally required for B.C. properties to be classified as farms for […] Read more
StatsCan shows 2020 farm income up significantly
Farm cash receipts were up more than expenses
Reading Time: 4 minutes Canadian farm income, no matter how it’s measured, was up a lot in 2020, data released Wednesday by Statistics Canada show. Canadian net farm income of $18.1 billion is up $4.8 billion from 2019 — a 36.5 per cent increase. Another measure — realized net farm income (RNFI) — saw farmers take in $9.9 billion, […] Read more
USDA can steer farm aid money to fight climate change, Vilsack says
Reading Time: 2 minutes Reuters — The White House wants to tap a pool of funds from the U.S. Department of Agriculture’s Commodity Credit Corp. (CCC) to support on-farm efforts to fight climate change, Tom Vilsack, President Joe Biden’s nominee to run the USDA, said Tuesday. The Depression-era program of up to $30 billion in annual funding was tapped […] Read more
Selling the corporate farm
Darren and Carmen Sterling made the hard decision. 2019 would be their last crop. Then they would retire. But that’s when the real work began
Reading Time: 10 minutes When we talk about Canada’s aging farm owners, we generally talk about how best to pass the agricultural torch to sons and daughters or, more recently, about creative contortions to move the farm into the future with those who are not family — in short, succession planning. But is it still called succession when there […] Read more
A message from April Stewart, Country Guide's Associate Editor
