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Net Farm income jumps in Saskatchewan

StatsCan is reporting Saskatchewan had the largest increase in net farm income in 2015.
 
Net farm income in Saskatchewan reached 2.9 billion dollars, up from 1.6 billion the previous year.
 
Lentils, a crop grown mainly in Saskatchewan, contributed the most to the growth in crop receipts in 2015.
 
Lentil receipts more than doubled as prices rose 57 per-cent.
 
Marketings were up 33 per-cent, as production hit a record level.
 
Increased exports, mainly to India, contributed to the rise in receipts.
 
The depreciation of the Canadian dollar relative to the U.S. dollar supported farm prices.
 
But increased global grain stocks put downward pressure on world prices.
 
However, Canadian farm-gate prices for most grains were up from 2014.
 
Nationally, livestock receipts reached 25.7 billion dollars in 2015, down 0.2 per-cent from the previous year, the first decrease since 2009.
 
This followed a 19 per-cent jump in 2014.
 
Lower hog prices pushed receipts down 17 per-cent.
 
In contrast, cattle receipts increased for the sixth straight year, rising seven per-cent to 10.5 billion dollars.
 
A 20 per-cent gain in prices more than offset an 11 per-cent drop in cattle marketings.
Total farm operating expenses rose 1.2 per-cent, the smallest increase since 2010 and reflected lower fuel prices.
 
Source : CKRM

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Video: Follow the Potato Farmer

We are taking students out to southern Manitoba to Hespler Farms! Farmer Wayne will teach students how he plants and cares for his potato crop and why potatoes are such a unique crop to grow. Teachers, check out your AITC Dashboard for Math'd Potatoes, a potato-themed classroom resource to pair with this tour video. Thank you to Peak of the Market and Penner Farm Services for making this event possible.