Insights and Stories on Farm Income

Canadian farm liabilities outpaced equity growth in 2024

Jun. 20, 2025 at 11:39 am CDT

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.

Pouring corn grain into tractor trailer after harvest

Farmers’ realized net income fell $3.3 billion in 2024: StatCan

May. 28, 2025 at 2:51 pm CDT

By Geralyn Wichers

USDA forecasts smaller drop in 2024 farm income

Sep. 5, 2024 at 3:24 pm CDT

By P.J. Huffstutter

Farm equity, asset values up in 2023: StatCan

Jun. 20, 2024 at 2:11 pm CDT

By Geralyn Wichers

US farmers opt for soy to limit losses as all crop prices slump

Jun. 4, 2024 at 9:34 am CDT

By Karl Plume Reuters

Realized Canadian farm income up, net income down in 2023

May. 29, 2024 at 4:14 pm CDT

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.

By Phil Franz-Warkentin

Deere cuts 2024 profit forecast as sliding farm income stifles demand

May. 16, 2024 at 9:38 am CDT

Deere has trimmed its annual profit forecast for the second time, squeezed by slumping demand for tractors and combines as falling crop prices pressure farm income.

By Deborah Mary Sophia Reuters

New farm income record set in 2023, estimates suggest

Feb. 16, 2024 at 1:13 pm CST

Canadian farm income may have set a new record in 2023. That's according to the official 2023 and 2024 estimates released February 16 by Agriculture and Agri-Food Canada.

By Gord Gilmour

Number of US farms falls and size increases, census shows

Feb. 13, 2024 at 1:28 pm CST

Farms in the U.S. continued to get larger and the number of farms fell between 2017 and 2022, new data released by the U.S. Department of Agriculture showed on Tuesday.

By Leah Douglas Reuters

Canadian farm cash receipts rise in 2022, but so do inputs

Nov. 28, 2023 at 12:14 pm CST

MarketsFarm – Canadian farmers brought in more money in 2022 compared to the previous year, but their expenses were also up resulting in a 7.7 per cent drop in realized net income to $11.8 billion, according to the latest farm income data from Statistics Canada. Data for the first three […]