OTTAWA — Ontario’s farm cash receipts continued to rise in the first three quarters of 2023 but not at the same torrid pace as a year earlier. The January through September 2023 period saw Ontario farm cash receipts hit $15.6 billion, up 3.4 % from the same period in 2022, according to Statistics Canada. But that growth was nothing like the 14 % increase that 2022 posted over 2021.
Nationally, farm cash receipts hit $72.5 billion during the first three quarters of 2023, up 7.9 % from 2022.
Farm cash receipts include cash income from agricultural commodity production as well as government program payments made to farmers.
Crops accounted for almost $8.2 billion of Ontario’s farm cash receipt total during the first nine months of 2023, ahead of livestock at nearly $7 billion. Program payments comprised just under $424 million.
Ontario farmers’ $15.6 billion total ranked third in the country. Alberta ($17.56 billion, up 7 % from 2022) and Saskatchewan ($14.2 billion, up 15.9 %) posted the highest farm cash receipts.
Source : Farmersforum