Total cash receipts for Canadian agriculture are on the up, but so are farm expenses.
Statistics Canada shows total cash receipts went up 15 percent last year, coming in at $95 billion. Crop revenues were also up 15% at $54 billion and livestock receipts were up 12 percent, coming in at $33 billion.
While these increases are welcome news for producers, the report also revealed expenses had the biggest gain since 1974, reaching $72 billion. That includes fertilizer, feed, and fuel.
