Friday, November 28th7.0°C
24302
24056

Farm income to drop slightly this year, but still robust, says government

OTTAWA - Agriculture Canada predicts that farm income will drop slightly this year, while remaining at historically high levels.

The department forecasts that aggregate net cash income will slip five per cent this year to $12.6 billion, but will still be 23 per cent above the average for the period of 2008-2012.

It says farm-level average net operating income will similarly decline by five per cent to $65,243.

Crop receipts are forecast to total $29.1 billion in 2014, three per cent below the projection for 2013, but 17 per cent higher than the 2008-2012 average.

Aggregate farm cash receipts for livestock are forecast at $21.5 billion in 2014, just below the record level of 2013.

In 2014, program payments are forecast to rise by eight per cent, or $199 million, to a total of $2.8 billion.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14922.44-115.97
S&P CDNX755.45-15.61
DJIA17848.1420.39
Nasdaq4793.339+6.022
S&P 5002069.39-3.44
CDN Dollar0.8772-0.0046
Gold1179.10-17.50
Oil69.06-4.63
Lumber327.90-1.60
Natural Gas4.295+0.144

 
Okanagan Companies
Pacific Safety0.15-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.340.00
Cantex0.04-0.005
Anavex Life Sciences0.171-0.004
Metalex Ventures0.04+0.005
Russel Metals30.70-0.80
Copper Mountain Mining2.12-0.04
Colorado Resources0.13+0.01
ReliaBrand Inc0.0134-0.0001
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.32-0.02

 
24130




FEATURED Property
21137441537 Mountain Ave
4 bedrooms 2 baths
$459,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Don't stop dreaming!

On Wednesday evening I drove through the Bow Valley in Alberta. It is my old home town... the first place Jackie and I moved to in 1988 when we emigrated. We ended up setting up home there and living...


Second marriage issues

It is not unusual that one or both of the parties planning to marry are approaching marriage for the second time. There are pluses and minuses to this new situation. On the plus side, individuals ente...


The last great Canadian tax shelter

A guide to how flow-through fund limited partnerships can mightily aid your tax planning!The end of the year will raise concerns among many professionals, self-employed persons, business owners and ev...

_



24156

24160


Member of BC Press Council


24228