GFM Network News

Lower overhead buoys Canadian farmers’ profits

Canadian farmers’ realized net income amounted to $4 billion in 2010, up almost 30 per cent from 2009 following a 19.6 per cent decline that year, Statistics Canada reports. Lower operating expenses more than offset a small decrease in farm cash receipts in 2010, the federal statistics agency said in a release Friday. Realized net […] Read more

Cattle, hog inventories hit fresh lows: StatsCan

Farm inventories of cattle as of Jan. 1, 2010 reached their lowest level in 15 years, while inventories of hogs were at a 12-year low, Statistics Canada reported Tuesday. Canadian cattle producers reported 13 million head at Jan. 1, 2010, down 1.3 per cent from January 2009, the federal statistics agency reported. Hog producers had […] Read more

Maple syrup output at record high: StatsCan

Canada’s production of maple syrup increased to a record high in 2009, while production of honey remained relatively stable, according to Statistics Canada. In 2009, Canadian operators produced a record-high 9.1 million gallons of maple syrup, up 4.2 million gallons, or 85.7 per cent, over 2008, the federal statistics agency said in a release Tuesday. […] Read more

Farm income up in 2008: StatsCan

Not all provinces or farmers saw or felt a benefit, but Canada’s realized net farm income rose for a second consecutive year in 2008, reaching $3.6 billion, according to Statistics Canada. Realized net income — the difference between a farmer’s cash receipts and operating expenses minus depreciation, plus income in kind — was $1.6 billion […] Read more

Margins shrink less on larger farms: StatsCan

Canada’s largest farms, those with annual revenues of $500,000 or more, are becoming a major economic force in the country. Large farms are growing in numbers, the people who run them invest more in their businesses, and more large farms are profitable than smaller ones. While smaller farms dominate in numbers, large farms dominate both […] Read more