Mixed Picture for Farm Family Income in 2020

Jan 27, 2023

The total income of Canadian farm families increased in 2020, with grain and oilseed operations seeing a particularly healthy gain while cattle outfits experienced a decline.

A Statistics Canad report Friday showed the average total income of farm families operating a single farm in Canada was $179,724 in 2020, up 10.2% from 2019.

However, some farm types fared much better than others, with total income on grain and oilseed farms up 18.9% at $217,343. On the other hand, beef cattle ranching and farming (including feedlot) operations saw their average total income slide about 2.6% to $120,457. At $189,269, total income on hog farms was up 1.8% from 2019.

The increased income for grain and oilseed farms was largely attributable to strong export demand from China, after a reduction of tariffs, and favourable weather conditions in Western Canada in 2020, StatsCan said.

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Video: Agriculture Secretary Rollins Speaks at American Farm Bureau Federation Convention in Anaheim

One of the highlights at the 2026 American Farm Bureau Federation Convention in Anaheim, California, was an address by U.S. Secretary of Agriculture Brooke Rollins. During her remarks, she thanked America’s farmers and ranchers and said the Trump Administration is fully aware that food security is national security.

She also acknowledged the challenging times in Farm Country with low commodity prices and high input costs and said that’s why the President stepped in to help with the recent Bridge Assistance Program.

Montana Farm Bureau Federation Executive Vice President Scott Kulbeck says that Farm Bureau members are appreciative of the help and looks forward to working with the American Farm Bureau Federation and its presence in Washington, DC to keep farmers and ranchers in business.

Secretary Rollins said the Trump Administration is also committed to helping ranchers build back America’s cattle herd while also providing more high-quality U.S. beef at the meat case for consumers.

And she also announced more assistance for specialty crop producers who only received a fraction of the $12 billion Farmer Bridge Assistance (FBA).

It’s important to note that producers who qualify for Farmer Bridge Assistance can expect the Farm Service Agency to start issuing payments in late February. For more information, farmers and ranchers are encouraged to contact their local USDA Service Center.