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.
Read more Business News
- BC likes to stay activeKelowna
- First Ebola case in the USWorld
- Distracted driving talesVernon / N. Okanagan
- Canadian dies in avalancheWorld
|QHR Technologies Inc||1.26||+0.03|
|Anavex Life Sciences||0.184||-0.001|
|Copper Mountain Mining||2.42||-0.10|
|Sunrise Resources Ltd||0.065||+0.045|
|Mission Ready Services||0.32||-0.02|
Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...
Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...
Recently I had the privilege of working alongside André Voskuil, a local guru in the world of Alternative Financing. André has quite the reputation in the world of direct investments as ...