Farmers Net Income Down From 2021

May 30, 2023

That drop followed a 50 percent gain in 2021 and a 79 percent gain in net income in 2020. It's no surprise what the number one factor was, higher fertilizer prices. It wasn't just that, but also higher fuel prices and the cost of feed remained high following the massive drought of 2021. Just to be clear, net income represents the difference between a farmer's cash receipts and their operating expenses.

The price of fertilizer last year, rose more than 61 percent to 11.9 billion dollars. It was impacted by several factors including high natural gas prices and the ongoing war in Ukraine which has now dragged on for more than 15 months. Farmers based in Saskatchewan had the highest realized net income in 2022 at 4.5 billion, followed by Alberta at 3.3 billion and Ontario at 2.3.

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Video: Why Port Infrastructure is Key to Growing Canada's Farms and Economy

Grain Farmers of Ontario (GFO) knows that strong, modern port infrastructure is vital to the success of Canada’s agriculture. When our ports grow, Ontario grain farmers and Canadian farms grow too—and when we grow, Canada grows.

In this video, we highlight the importance of investing in port infrastructure and how these investments are key to growing Ontario agriculture and supporting global trade. The footage showcases the strength of both Ontario’s farming landscapes and vital port operations, including some key visuals from HOPA Ports, which we are grateful to use in this project.

Ontario’s grain farmers rely on efficient, sustainable ports and seaway systems to move grain to markets around the world. Port investments are crucial to increasing market access, driving economic growth, and ensuring food security for all Canadians.

Why Port Infrastructure Matters:

Investing in Ports = Investing in Farms: Modernized ports support the export of Canadian grain, driving growth in agriculture.

Sustainable Growth: Learn how stronger ports reduce environmental impact while boosting economic stability.

Global Trade Opportunities: Improved port and seaway systems help farmers access new global markets for their grain.

Stronger Communities: Investment in ports means more stable jobs and economic growth for rural communities across Ontario and Canada.

We are proud to support the ongoing investment in port infrastructure and to shine a light on its vital role in feeding the world and securing a prosperous future for Canadian agriculture.

Special thanks to HOPA Ports for providing some of the stunning port footage featured in this video.