Insights and Stories on Farm Income

Jun. 20, 2024 at 2:11 pm CDT

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.

By Geralyn Wichers

Jun. 4, 2024 at 9:34 am CDT

In March, the U.S. Department of Agriculture forecast farmers would plant 86.5 million acres of soybeans nationwide this spring, the fifth most ever. Some analysts expect soybean acres to increase by another million acres or more as heavy rains close the window on corn planting.

By Karl Plume, Reuters

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

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

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