First Quarter Farm Cash Receipts Rebound from Previous Year

May 30, 2025

After declining 2024, Canadian farm cash receipts posted a small rebound in the first quarter of 2025.

A Statistics Canada farm income report Wednesday pegged total national farm cash receipts for the January-March period at $25.6 billion, up $778.6 billion or 3.1% from the same quarter the previous year. Farm cash receipts include crop and livestock returns, as well as government program payments.

In 2024, national farm cash receipts fell $1.6 billion from a year earlier to $97.9 billion, mainly due to a decline in crop returns.

The year-over-year gain in 2025 first quarter farm cash receipts was due to stronger livestock returns. On the other hand, program payments declined, while crop returns were basically unchanged.

Total livestock receipts in the first quarter were up 14% to $10.9 billion amid higher prices for most types of livestock, StatsCan said.

Cattle (+$775.9 million) and hog (+$305.8 million) receipts led the increase in the first quarter, together accounting for roughly 80% of the rise in livestock receipts. These gains were the result of higher prices for cattle and hogs, up 21.5% and 17.5%, respectively.

International exports of cattle also saw a rise in marketings, up 32.6%, “possibly due to trade policy uncertainty with the United States,” StatsCan said.

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Video: New research chair appointed to accelerate crop variety development

Funded by Sask Wheat, the Wheat Pre-Breeding Chair position was established to enhance cereal research breeding and training activities in the USask Crop Development Centre (CDC) by accelerating variety development through applied genomics and pre-breeding strategies.

“As the research chair, Dr. Valentyna Klymiuk will design and deploy leading-edge strategies and technologies to assess genetic diversity for delivery into new crop varieties that will benefit Saskatchewan producers and the agricultural industry,” said Dr. Angela Bedard-Haughn (PhD), dean of the College of Agriculture and Bioresources at USask. “We are grateful to Sask Wheat for investing in USask research as we work to develop the innovative products that strengthen global food security.”

With a primary focus on wheat, Klymiuk’s research will connect discovery research, gene bank exploration, genomics, and breeding to translate gene discovery into improved varieties for Saskatchewan’s growing conditions.