2016 Canadian Agricultural Outlook
About the Report
The 2016 Canadian Agricultural Outlook provides a forecast of farm income in the agricultural sector for the previous and current calendar years (2015 and 2016), and looks ahead 10 years to longer term trends that could impact the agriculture sector.
The report is one of Agriculture and Agri-Food Canada’s measures of the strength of the agriculture sector and its contribution to Canada’s economy. This forecast represents a federal-provincial consensus on the outlook for farm cash receipts, expenses and net incomes.
The report is prepared in consultation with provincial governments and Statistics Canada and can be used as a benchmark for governments and industry as they plan for the years to come.
Note: The Canadian Agricultural Outlook was released prior to 2015 as two separate reports: the Farm Income Forecast and Medium Term Outlook.
- Net cash income in 2015 is estimated to increase by 6% over 2014, reaching a record $15.0 billion. A decline of 9% to $13.6 billion is expected in 2016, still 14% higher than the 2010-2014 average.
- Average farm-level net operating income in 2015 is forecast to be $77,287, which is 8% higher than 2014.
- Average net worth per farm is expected to reach $2.7 million in 2016.
- The low Canadian dollar has improved the competitiveness of Canadian agriculture and food products in export markets, contributing to higher farm cash receipts.
- Livestock receipts in Canada are expected to increase by 2% to $26.2 billion in 2015.
- Crop receipts are expected to have increased 2% to reach $30.7 billion in 2015, and remain virtually unchanged at $30.6 billion in 2016.
- Lower crude oil prices are significantly reducing farmers’ diesel and gasoline expenses.
- Strong conditions over the past several years have contributed to a decline in program payments in 2015, down to $2.1 billion.
To request a copy of the complete publication, please contact:
Departmental Publications Service
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