Ontario farmers’ realized net income increased 4.1% in 2022 but decreased for farmers nationally

Jun 14, 2023

OTTAWA — The dollars are getting bigger in agriculture but a farmer’s realized net income is shrinking as farm expenses rise faster than farm cash receipts, according to the latest figures from Statistics Canada.

Realized net income is the difference between a farmer’s cash receipts and operating expenses, minus depreciation, plus income in kind (income other than money). By that measure, Canadian farmers did worse last year, with realized net income on farms falling 9.5 % to $12.5 billion.

But Ontario farmers did better. In fact, Ontario farmers bucked the trend with a realized net income increase of 4.1 % over 2021.

Nationally, total farm cash receipts actually increased by 14.8% over 2021. Canadian farmers collected higher crop revenue (up $7.2 billion) and livestock revenue (up $3.6 billion) in 2022, but this was outpaced by a 21.2 % increase in input costs, including fertilizer, feed and fuel.

Collectively, Ontario farmers had a realized net income of $2.3 billion, third highest in the country. Saskatchewan farmers had the highest realized net income at $4.5 billion, followed by Alberta farmers at $3.3 billion.

Source : Farmersforum

Video: Understanding the Basics of the Renewable Fuel Standard

On Friday, April 24, 2026, from 12 noon–1:00 ET, the Penn State Center for Agricultural and Shale Law, alongside the Pennsylvania Department of Agriculture’s (PDA) Agricultural Business Development Center (ABDC), presented this webinar in the Understanding Agricultural Law Educational Series, a course designed to develop subject matter literacy and competence on fundamental issues of agricultural law for attorneys and business advisors who work with or represent agricultural or rural clients but may not necessarily specialize in agricultural law:

“Understanding the Basics of the Renewable Fuel Standard”

The Clean Air Act’s Renewable Fuel Standard (RFS) program requires transportation fuel sold in the United States to contain a minimum volume of renewable fuels such as ethanol, biodiesel, or advanced biofuels. Established by the Energy Policy Act of 2005 and later expanded by the Energy Independence and Security Act of 2007, the RFS is implemented by the U.S. Environmental Protection Agency (EPA) in collaboration with the Department of Energy and the U.S. Department of Agriculture (USDA).

This webinar provides an overview of the legal authority and structure for the RFS program and explain how it works, including the program’s system of Renewable Identification Numbers (RINs) and categories of renewable fuels. Additionally, this webinar addresses EPA annual volume requirement rulemaking and associated recent legal issues.