Statistics Canada has released revised numbers for 2015 farm income.
Realized net farm income totaled $8.3 billion in 2015, its fifth increase in six years. However, realized net farm income in Manitoba dropped $268 million from 2014 to $515 million in 2015.
Annual farm cash receipts rose for the fifth consecutive year, increasing 3.2 per cent to $59.8 billion in 2015. Receipts rose in every province except Manitoba, Prince Edward Island, and Quebec. Livestock receipts were virtually unchanged from 2014 at $25.7 billion.
Total operating expenses, after rebates rose 1.6 per cent from a year earlier to $44.6 billion in 2015. Lower fuel costs helped offset small increases in most other expense items.
Source : Portageonline