The total equity of the Canadian farm sector rose nearly eight per cent in 2023 while farm assets rose more than seven per cent according to Statistics Canada’s 2023 balance sheet.

Farms' ability to pay debts declined but balance sheet remains strong
Total farm cash receipts rose 4.4 per cent compared with 2022 on higher crop marketings; cattle prices
Lower prices, moisture concerns cited; moisture has since improved somewhat
Cattle weights supporting decline in production
Some had anticipated even larger on-farm canola stocks, given slower export pace