Canadian ag income, expenses both climbing upward

Total cash receipts for Canadian agriculture are on the up, but so are farm expenses.

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.

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