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Farms.com Home  › News

Net Farm Income Continues To Rise: Stats Can

May 24, 2017

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Statistics Canada is reporting that realized net farm income rose 7.6% in 2016 to $8.8 billion.
 
This marks the third consecutive year and the sixth time in seven years that realized net farm income has increased.
 
Realized net income is the difference between a farmer's cash receipts and operating expenses, minus depreciation, plus income in kind.
 
Slightly lower operating expenses together with a small increase in farm cash receipts contributed to the gain in 2016.
 
Manitoba showed an increase of about 38% last year.
 

 

Source : Steinbachonline

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