Stats Canada releases updated 2024 farm income data
Stats Canada releases updated 2024 farm income data
Realized net farm income fell 26 per cent in 2024
New data from Stats Canada shows Canadian producers had a challenging 2024.
Here’s what the data shows:
Realized net farm income dropped by 26 per cent to $9.4 billion in 2024 compared to $12.65 billion in 2023.
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Farm cash receipts fell by 1.4 per cent to $98.1 billion.
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Total crop receipts declined by 6.1 per cent to $52.2 billio
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“Prices for most major crops began to decline in 2023, following two consecutive years of strong growth, as domes
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