Canada's Farm Income Forecast for 2011 and 2012

Executive Summary

In 2011, Canadian producers will see net incomes increase as both crop and livestock markets exhibit strength beyond what was foreseen earlier in the year. At the same time, program payments are forecast to increase in response to regional and sector-specific events such as excessive moisture conditions in the West. This significant improvement in the outlook for farm cash receipts will more than offset higher operating expenses.

As the year has proceeded, prices of grains and oilseeds have reached historically high levels because of low worldwide stocks, partly as a result of a poor 2010 harvest in Eastern Europe. This and favourable growing conditions in much of Western Canada contributed to a significant increase in crop receipts despite wet conditions hampering planting in the Eastern Prairies. The livestock sector saw stronger prices as a result of a tight North American supply-demand situation for red meats and because for some commodities, higher feed costs exerted price pressure.

Expenses increased in 2011, as prices for key inputs were driven higher by international energy and grain costs, and ultimately by increased world demand for farm outputs. These price-related factors were offset somewhat by reduced purchases of crop-related inputs due to unseeded acres.

Net Cash Income at the sector level will reach $11.7 billion in 2011 while farm-level average net operating income will be $65,129. Both measures show farm income surpassing the record levels seen in recent years.

In 2012, our preliminary forecast shows a continued positive situation, as total market receipts will increase more than expenses, resulting in higher net farm income derived from market sources.

Despite a projected pullback in grain and oilseed prices, crop receipts are projected to climb slightly, as planted acreage will increase and carry-in stocks are high. There will also be a small increase in livestock receipts as markets for major commodities will remain firm, with moderate price increases. Nonetheless, high feed costs will restrain income gains for most livestock producers, with hog farmers seeing income declines on average. However, net operating incomes for livestock producers are still expected to be higher than average for the past five years.

Total expenses will rise in 2012, as many input prices follow the general rate of inflation. In addition, there should be greater purchases of inputs related to grains and oilseeds, as seeded acres return to normal levels.

As the forecast does not include an assumption of catastrophic weather, program payments including AgriRecovery, are expected to be lower. As a result, there will be small declines in aggregate net cash income and per farm average net operating income of 4% and 2%, respectively. Nonetheless, 2012 will follow a record year and both income measures are above the average for 2006 to 2010.

This forecast contains additional indicators that contribute to the picture of farmers' economic well being. For both 2011 and 2012, these suggest a positive situation. Average total income of farm families, which includes other family income, is projected to reach $118,970 in 2011 and $123,498 in 2012. Average net worth per farm is expected to reach $1.6 million in 2011 and $1.7 million in 2012.

The department's Medium Term Outlook suggests that many of the factors that will influence farm income in 2011 and 2012 will continue to be felt over the next 10 years. These include continued increase in world demand for feed grains, a rising price of petroleum, slow-moderate Canadian population growth, and a Canadian dollar near par with the US dollar.

Highlights, Canadian Agriculture, 2010 to 2012
  2010 ($) Average 2006-10 ($) 2011 ($) Percent change 2012 ($) Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source:
Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project: Net operating income for 2010 (preliminary).
Agriculture and Agri-Food Canada, aggregate: forecast figures for 2011 and 2012; farm-level forecast figures for 2010-2012 except net operating income with forecast figures for 2011 and 2012.
Aggregate Level Total Market Receipts 41,339,600,000 38,769,200,000 45,855,100,000 11 18 46,947,800,000 2 21
Program Payments 3,133,700,000 3,836,700,000 3,693,600,000 18 -4 3,033,200,000 -18 -21
Total Cash Receipts 44,473,300,000 42,606,000,000 49,548,700,000 11 16 49,981,000,000 1 17
Net Operating Expenses 34,998,800,000 34,612,800,000 37,814,900,000 8 9 38,742,500,000 2 12
Net Cash Income 9,474,500,000 7,993,200,000 11,733,800,000 24 47 11,238,600,000 -4 41
Farm-Level Net Operating Income, Avg 51,117,000,000 42,051,000,000 65,129,000,000 27 55 63,555,000,000 -2 51
Total Family Income, Avg 106,894,000,000 97,331,000,000 118,970,000,000 11 22 123,498,000,000 4 27
Net Worth, Avg 1,522,080,000,000 1,292,572,000,000 1,604,740,000,000 5 24 1,682,500,000,000 5 30

Situation and Outlook

2011

Firm markets for major commodities at the beginning of the year persisted longer than expected and even took an upward trajectory, helping lift farm cash receipts beyond what was forecast earlier. Output prices, especially for grains and oilseeds, which had been rising since late 2010 continued to increase until late 2011. Strength in crop receipts and livestock receipts combined with higher program payments more than offset a significant increase in operating expenses, thus helping net farm income reach record levels. The favourable financial situation of farmers is also reflected in producer balance sheets and levels of income earned off-farm.

Aggregate total cash receipts are forecast to be $49.5 billion in 2011, 11% above 2010 and 16% above the 2006-2010 average. Both crop receipts (+13%) and livestock receipts (+9%) are expected to increase from 2010 while program payments are also expected to climb (+18%).

Net cash income is expected to rise 24%, to $11.7 billion, which would be a new record income level in nominal terms and inflation-adjusted terms (Figure 1). It follows several years of rising income, which was preceded by a period of generally flat income in the face of declining real prices for major commodities.

Figure 1: Net Cash Income (Aggregate)

Description of this image follow.
Description - Figure 1

Two data series are charted: aggregate net cash income in billions of dollars, and aggregate net cash income adjusted for inflation, in billions of 2002 dollars. The information is presented for the years 1995 to 2012.

The following table relays the data.

Year Net Cash Income
in billions of dollars
Net Cash Income (2002 prices)
in billions of dollars
1995 5.588012 6.379009
1996 6.054344 6.810286
1997 6.324134 6.995723
1998 5.572716 6.103742
1999 5.519909 5.941775
2000 6.414087 6.723362
2001 8.119015 8.301651
2002 7.507969 7.507969
2003 5.002199 4.865952
2004 6.930769 6.619646
2005 6.679088 6.242138
2006 5.834054 5.347437
2007 7.08951 6.358305
2008 9.021195 7.906394
2009 8.546663 7.470859
2010 9.474488 8.132608
2011 11.73378 9.794473
2012 11.23857 9.204401

The agriculture sector's net value added (a measure similar to gross domestic product) is expected to rise by 35% to $15.2 billion in 2011 as a significant increase in the value of production of all agricultural commodities exceeds higher expenses on inputs and depreciation.

Net operating income for the average Canadian farm (which does not include adjustments for changes in inventories and depreciation) is forecast to reach a record high of $65,129 in 2011, 65% above the 2006-2010 average of $42,051. Net operating income, in nominal and inflation-adjusted terms, has displayed a clear upward trend since 1995 (Figure 2).

Figure 2: Average Net Operating Income (Per Farm)

Description of this image follow.
Description - Figure 2

Two sets of information are charted: farm-level average net income in thousands of dollars, and farm-level average net income adjusted for inflation, in thousands of 2002 dollars. The information is measured between the years 1995 and 2012.

The following table relays the data.

Year Net Operating Income
in thousands of dollars
Net Operating Income (2002 prices)
in thousands of dollars
1995 23.561 26.89612
1996 23.974 26.96738
1997 24.07 26.62611
1998 23.579 25.82585
1999 22.671 24.40366
2000 25.962 27.21384
2001 28.998 29.65031
2002 30.25 30.25
2003 25.567 24.87062
2004 28.784 27.49188
2005 30.05 28.08411
2006 30.655 28.09808
2007 37.267 33.42332
2008 45.495 39.87292
2009 47.057 41.13374
2010 51.11651 43.87683
2011 65.12861 54.36445
2012 63.55531 52.05185

Net worth for the average farm is expected to increase by 5% to $1.6 million in 2011. Total assets are expected to increase 5% from 2010, to $2.0 million, driven primarily by an increase in land values. Total liabilities are also expected to increase 1% to $346,584, as producers take on long-term debt during a period of low interest rates to take advantage of production opportunities and improve their level of competitiveness. The average debt-to-asset ratio in the sector will stand at 16%, which represents a slight decline over the last few years, indicating an improved debt situation.

Average total family income is forecast to increase by 11% to $118,970 in 2011, which is 22% higher than the 2006-2010 average of $97,331. Other family income is forecast to increase 6% to $87,577, largely as a result of wage growth. At this level, it will be 14% above the 2006-2010 average of $76,514. The average farm family will obtain 26% of its total income from agricultural operations in 2011, as compared to 23% in 2010.

Crops 2011

High grain and oilseeds prices are driving crop receipts and incomes of crop farmers towards record levels. International prices have risen in response to tight global supply relative to use, as demand for feed and biofuels continues to rise, while a drought and subsequent export restrictions in Russia and Ukraine in 2010 constrained supplies well into 2011. Prices will have a greater effect on farm incomes than quantities as marketings were generally stable, and included production from both the weakened 2010 crop and the stronger 2011 crop.

Aggregate farm cash receipts for crops are forecast to reach a record high of $25.3 billion, which is 13% higher than in the previous year and 24% higher than the 2006-2010 average. Canola has in recent years accounted for the largest share of receipts and will bring in $6.6 billion in 2011, surpassing wheat, the traditional leading crop, which saw sales of $4.8 billion.

The average grain and oilseed farm in 2011 is expected to earn a record net operating income of $88,635, a 44% jump from 2010, as market receipts, driven by prices, are expected to grow faster (+18%) than total operating expenses (+13%). At the same time, program payments should rise sharply (+51%) as low production on the Prairies leads to high Production Insurance payments as well as assistance under AgriRecovery.

For the average potato farm, net operating income in 2011 is forecast to reach a record $251,527, some 20% higher than in 2010. Higher output prices driving market receipts are a major factor accounting for this increase, as is projected growth in program payments.

Livestock 2011

After years of decline, the strong livestock prices seen in 2010 are expected to continue in 2011 at even higher levels. Tight cattle supplies in North America along with strong beef demand are projected to push prices up. However, the appreciation of the Canadian dollar will partly mitigate this upward pressure on prices. The strong dollar and Canada's feed cost advantage over the U.S. are likely to reduce cattle exports to the U.S. With regard to hogs, herd numbers are stabilizing in 2011. Prices have increased substantially, but high feed costs and uncertainty surrounding demand are expected to inhibit expansion.

Aggregate farm cash receipts for livestock are forecast to be a record $20.6 billion, which is a 9% increase over 2010 and is 12% higher than the 2006-2010 average. This is due to strong prices for cattle and hogs.

The average cattle farm's net operating income is expected to decline by approximately $2,400 in $8,265, a one-year drop over the course of several years of steady incomes. While market receipts are expected to climb, this will be more than offset by a significant increase in operating expenses in 2011, driven byfeed costs. Meanwhile, program payments are expected to fall. Incomes are forecast to return to recent historical levels in 2012.

For the average hog farm, net operating income in 2011 should reach a new high of $145,782. While program payments are expected to drop by 27%, a price rebound will help market receipts climb by 20%, and this will more than offset an 11% increase in expenses driven by feed costs.

The average dairy farm net operating income is forecast to rise by 7% to $142,778 in 2011. As market receipts have generally kept pace with expenses and the average size of operations has increased, the average farm's profits have followed a slow but steady upward path in recent years.

Poultry and egg farms on average will see the highest net operating income of all livestock farm types at $196,103. This is 21% higher than in 2010 and is driven in part by a significant price increase for those products, as rising grain costs boosted feed costs.

Program Payments 2011

In 2011, program payments are expected to reach $3.7 billion, a $560 million increase (+18%) from 2010. Higher Crop Insurance payments and assistance under AgriRecovery, both the result of early season excess moisture on the Prairies will contribute to this increase, as well as an increase in ASRA stabilization payments in Quebec.

Operating Expenses 2011

Farm operating expenses are forecast to jump 8% to $37.8 billion in 2011 following two consecutive years of declines. Since 1971, there has only been one other year, 1986, where expenses have not increased.

Fertilizer expenses will climb in 2011 (+32%), as they did in 2008. This increase is driven by prices, which are rising in response to high energy costs and to strong worldwide demand resulting from a buoyant crop sector.

Fuel expenses are expected to rise by 21% as growing energy demand in emerging economies and slowing growth in supply will drive prices up 25%. Meanwhile, a large area of unseeded acreage in the Prairies due to flooding will have a dampening effect on quantities purchased.

Commercial feed expenses should climb by 7% in 2011. Contributing to this is a 10% increase in feed prices due to the forecast jump in grain and oilseed costs. However, this will be somewhat offset by a small decline in livestock output.

One input expense that will decline is pesticides (-6%), as glyphosate has come off patent protection and pricing reflects a more competitive market. Overall pesticide usage levels are not forecast to change significantly in 2011.

Interest costs will rise slightly (less than one percent), but will still be historically low. The average prime business rate is forecast to be 3.0%. Farmers will be able to take advantage of these favourable borrowing conditions to invest in productivity enhancing machinery and equipment.

2012

While net farm income will remain strong in 2012, it will weaken slightly compared to 2011 as program payments are lower and market conditions veer toward a more stable situation. Grains and oilseeds supplies should be more abundant on world markets and domestic cattle and hog herds should stabilize. Expenses will continue to rise, but more slowly as there are no cost spikes anticipated such as the one for fertilizer in 2011.

Net cash income of the sector is forecast to decline slightly to $11.2 billion in 2012 from $11.7 billion in 2011, but will still be above the 2006-2010 average of $8.0 billion. In inflation-adjusted terms and nominal terms, the 2012 level will be the second highest level, being surpassed only in 2011.

Net value added of the sector is projected to fall by 1% to $15.1 billion as depreciation climbs while the increase in the value of production is approximately offset by rising expenses on inputs.

Net operating income for the average farm in Canada is projected to be $63,555 in 2012, a decline of 2% compared to 2011, but still above the 2006-2010 average of $42,051.

For the average farm, net worth is expected to increase by 5% to $1.7 million in 2012. Total assets are expected to increase 5% to $2.0 million, slightly outpacing growth in liabilities (+4%), which will reach $359,061 on average.

Average total family income is expected to climb by 4% to $123,498 in 2012, which is 27% higher than the 5-year figure. Other family income, on average, is forecast to reach $92,863, which is 6% higher than in 2011 and 21% higher than levels in 2006-2010. In 2012, the share of total income of a farm family that comes from agricultural operations will decline to 25% from 26% in 2011.

Crops 2012

2012 will be characterized by lower, but still historically very high grain and oilseed prices internationally as improved 2011 harvests loosen the supply-demand situation. Domestically, crop production should increase as Prairie acres affected by excess moisture are brought back into full production.

Aggregate farm cash receipts for crops are forecast to reach $25.8 billion, a 2% increase relative to 2011 and 27% above the 2006-2010 average.

The average grain and oilseed farm is expected to earn $82,683 in net operating income, a slight decline from 2011. This decline is due to falling program payments. The forecast increase in acreage and production in 2012 are not fully reflected by this decline in cash income, as producers are expected to build up inventories.

For the average potato farm, net operating income in 2012 is expected to fall 15% to $212,930 from 2011, which will be the first decline in seven years. This is due in part to lower market receipts, which are based largely on sales of the 2011 crop, the smallest harvest in more than a decade.

Livestock 2012

Strong livestock prices are expected to continue in 2012. Cattle and hog herd numbers are projected to stabilize. Strong cattle demand in the U.S. is expected to carry into 2012 along with tight supplies, which will push prices up. In Canada, cattle prices are projected to increase modestly given the strong dollar while marketings are expected to remain stable. Nonetheless challenges remain for the cattle and hog sectors given the high feed costs and the strong Canadian dollar. The hog sector will face the additional challenge of uncertainty surrounding future demand for pork.

Aggregate farm cash receipts for livestock are projected to reach $21.1 billion, an increase of some $546 million or 3% over the previous year. More than half of this increase will come from cattle and calves.

The average cattle farm in 2012 is expected to earn a net operating income of $10,213, an increase of some $2,000 from 2011 as market receipts driven by price will increase modestly and outpace higher expenses.

Hog farms on average will earn a net operating income of $116,347, which is 20% down from levels in 2011. The largest factor behind this is an increase in expenses.

Dairy farm average net operating income is forecast to increase by 6% to $150,704, as increased market receipts more than offset growth in expenses.

Poultry and egg farms should earn an average net operating income of $218,448 in 2012. This is an 11% increase from the previous year and results from growth in market receipts outpacing growth in expenses.

Program Payments 2012

In 2012, program payments are forecast to be $3.0 billion, a $660 million drop (-18%) from 2011. The biggest factor in this forecast decline is the absence of an AgriRecovery program, such as the excess moisture payments that took place in 2011. Another factor is a decline in AgriStability payments in calendar year 2012, as 2011 will be another year of good farming margins overall.

Operating Expenses 2012

In 2012, total farm operating expenses will return to their normal historic upward trend, climbing 2% to $38.7 billion. This increase is expected to be rather broad-based and should not include any significant price surges for particular inputs. That said, the largest contributors to the total increase will be fertilizer and interest expenses.

Fertilizer prices are forecast to climb modestly in 2012 as expected high levels of crop planting, particularly in China, India and Brazil contribute towards maintaining a tight global fertilizer supply and demand balance. Although interest costs will remain low by historical standards, the prime business rate charged by the major banks in Canada is expected to be 3.3% on average in 2012 compared to 3.0% in 2011.

With regard to quantities purchased, crop-related inputs such as fertilizer, fuel, pesticides and seeds will return to normal levels in 2012 as the large area of unseeded acreage on the Prairies in 2011 returns to production.

Canada Situation

Table A.1a: Financial Situation, Canada, 2010 to 2012 - Part 1
2010 ($ million)

Average

2006-10 ($ million)

2011 ($ million) Percent change 2012 ($ million) Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source:
Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.

Aggregate Farm Cash ReceipEts, xpenses and Income Crop Receipts 22,421.7 20,357.0 25,269.7 13 24 25,816.6 2 27
Livestock Receipts 18,918.0 18,412.2 20,585.4 9 12 21,131.3 3 15
Total Market Receipts 41,339.6 38,769.2 45,855.1 11 18 46,947.8 2 21
Program Payments 3,133.7 3,836.7 3,693.6 18 -4 3,033.2 -18 -21
Total Cash Receipts 44,473.3 42,606.0 49,548.7 11 16 49,981.0 1 17
Net Operating Expenses 34,998.8 34,612.8 37,814.9 8 9 38,742.5 2 12
Net Cash Income 9,474.5 7,993.2 11,733.8 24 47 11,238.6 -4 41
Realized Net Income 4,031.7 2,835.0 5,936.5 47 109 5,282.8 -11 86
Total Net Income 2,959.2 2,853.2 6,327.4 114 122 5,976.0 -6 109
Agriculture Value Added Account Total Value of Production 54,353.0 51,584.4 61,651.0 13 20 62,550.0 1 21
Expenses on Inputs 37,038.0 34,884.0 40,052.0 8 15 40,894.0 2 17
Gross Value Added 16,758.0 16,109.4 21,029.0 25 31 21,077.0 0 31
Depreciation 5,483.0 5,066.0 5,842.0 7 15 6,002.0 3 18
Net Value Added 11,275.0 11,042.6 15,187.0 35 38 15,076.0 -1 37

Table A.1b: Financial Situation, Canada, 2010 to 2012 - Part 2
  2010 ($ per farm) Average 2006-10 ($ per farm) 2011 ($ per farm) Percent change 2012 ($ per farm) Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Average Net Operating Income Farm Market Receipts 298,307 265,483 334,750 12 26 347,094 4 31
Program Payments 19,609 19,984 23,136 18 16 20,018 -13 0
Farm Expenses 266,800 243,417 292,758 10 20 303,557 4 25
Net Operating Income 51,117 42,051 65,129 27 55 63,555 -2 51
Average Balance Sheet Total Assets (TA) 1,865,322 1,589,121 1,951,324 5 23 2,041,561 5 28
Total Liabilities (TL) 343,241 296,550 346,584 1 17 359,061 4 21
Net Worth (NW) 1,522,080 1,292,572 1,604,740 5 24 1,682,500 5 30
Source:
Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.



Table A.1c: Financial Situation, Canada, 2010 to 2012 - Part 3
  2010 ($ per family) Average 2006-10 ($ per family) 2011 ($ per family) Percent change 2012 ($ per family) Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Average Total Family Income Net Operating Income 24,640 20,817 31,394 27 51 30,636 -2 47
Other Family Income 82,254 76,514 87,577 6 14 92,863 6 21
Total Family Income 106,894 97,331 118,970 11 22 123,498 4 27
Source:
Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.



Table A.2: Net Operating Income per farm by farm type, Canada, 2010-2012
  Farm Type Farm Market Receipts Program Payments Farm Expenses Net Operating Income
Source: Statistics Canada Whole Farm Data Project, AAFC 2010-2012 forecasts.
Average per farm 2006-2010 ($) Grains and oilseeds 206,937 20,898 176,403 51,431
Potato 898,992 83,172 820,218 161,946
Vegetable 365,739 26,025 339,264 52,500
Fruit 193,894 17,066 181,214 29,746
Greenhouse 915,491 33,702 855,356 93,836
Cattle 195,192 15,194 199,398 10,988
Dairy 452,629 12,450 357,544 107,535
Hogs 1,011,056 130,228 1,084,970 56,314
Poultry & Eggs 968,729 12,179 854,862 126,046
All Farms 265,483 19,984 243,417 42,051
Average per farm in 2010 ($) Grains and oilseeds 236,275 22,461 197,003 61,733
Potato 1,118,882 86,237 995,896 209,222
Vegetable 424,933 20,587 381,215 64,305
Fruit 213,428 19,047 202,201 30,273
Greenhouse 1,057,797 30,154 963,066 124,885
Cattle 218,542 12,645 220,552 10,634
Dairy 520,343 13,399 400,406 133,336
Hogs 1,193,741 131,400 1,236,283 88,858
Poultry & Eggs 1,093,464 11,272 942,443 162,293
All Farms 298,307 19,609 266,800 51,117
Average per farm in 2011 ($) Grains and oilseeds 278,094 33,987 223,446 88,635
Potato 1,236,969 103,401 1,088,843 251,527
Vegetable 447,079 27,571 404,390 70,260
Fruit 247,455 19,420 230,674 36,201
Greenhouse 1,095,586 33,910 993,160 136,336
Cattle 233,297 11,299 236,331 8,265
Dairy 557,522 8,524 423,269 142,778
Hogs 1,426,599 95,423 1,376,240 145,782
Poultry & Eggs 1,252,719 7,497 1,064,113 196,103
All Farms 334,750 23,136 292,758 65,129
Average per farm in 2012 ($) Grains and oilseeds 287,843 27,271 232,430 82,683
Potato 1,216,165 105,135 1,108,370 212,930
Vegetable 442,721 28,018 398,893 71,847
Fruit 247,647 19,694 239,311 28,030
Greenhouse 1,165,090 33,972 1,045,740 153,322
Cattle 245,944 10,001 245,733 10,213
Dairy 577,705 8,082 435,084 150,704
Hogs 1,448,813 98,836 1,431,302 116,347
Poultry & Eggs 1,301,469 8,211 1,091,231 218,448
All Farms 347,094 20,018 303,557 63,555


Table A.3: Total Family Income per family by farm type, Canada, 2010-2012
  Farm Type Net Operating Income Other Family Income Total Family Income
Source: Statistics Canada Whole Farm Data Project; AAFC 2010-2012 forecasts
Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Average per family in 2006-2010 average ($) Grains and oilseeds 29,850 80,316 110,166
Potato 39,408 52,646 92,054
Vegetable 22,076 54,932 77,008
Fruit 12,500 78,429 90,929
Greenhouse 19,521 71,138 90,659
Cattle 6,279 78,212 84,491
Dairy 74,091 35,649 109,740
Hogs 34,874 51,243 86,118
Poultry & Eggs 52,000 65,572 117,571
All Farms 20,817 76,514 97,331
Average per family in 2010 ($) Grains and oilseeds 35,179 86,901 122,080
Potato 40,090 56,531 96,621
Vegetable 25,741 60,057 85,798
Fruit 10,511 85,607 96,118
Greenhouse 23,174 74,727 97,901
Cattle 5,459 84,587 90,045
Dairy 92,047 38,944 130,990
Hogs 70,828 56,685 127,513
Poultry & Eggs 65,157 69,831 134,989
All Farms 24,640 82,254 106,894
Average per family in 2011 ($) Grains and oilseeds 50,509 92,491 143,000
Potato 48,196 60,399 108,595
Vegetable 28,125 63,981 92,106
Fruit 12,570 91,045 103,614
Greenhouse 25,299 79,592 104,891
Cattle 4,242 90,120 94,362
Dairy 98,564 41,483 140,047
Hogs 116,202 60,416 176,618
Poultry & Eggs 78,732 74,336 153,068
All Farms 31,394 87,577 118,970
Average per family in 2012 ($) Grains and oilseeds 47,117 98,026 145,144
Potato 40,801 64,227 105,028
Vegetable 28,760 67,879 96,640
Fruit 9,733 96,424 106,156
Greenhouse 28,451 84,406 112,857
Cattle 5,242 95,629 100,872
Dairy 104,036 44,005 148,041
Hogs 92,740 64,185 156,925
Poultry & Eggs 87,703 78,784 166,487
All Farms 30,636 92,863 123,498

Provincial Situation

Table B.1a: Financial Situation, Newfoundland and Labrador, 2010 to 2012 - Part 1a
  2010 ($ million) Average 2006-10 ($ million) 2011 ($ million) * Percent change 2012 ($ million) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source: Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

x Suppressed to meet the confidentiality requirements of the Statistics Act.
Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Aggregate Farm Cash Receipts, Expenses and Income Crop Receipts 18.1 17.6 18.0 -1 2 18.0 0 3
Livestock Receipts 99.1 89.1 108.4 9 22 112.2 3 26
Total Market Receipts 117.3 106.7 126.4 8 18 130.2 3 22
Program Payments 0.7 0.8 0.6 -18 -29 0.8 47 4
Total Cash Receipts 118.0 107.5 127.0 8 18 131.0 3 22
Net Operating Expenses 105.1 99.3 109.9 5 11 113.9 4 15
Net Cash Income 12.9 8.2 17.1 33 108 17.2 0 109
Realized Net Income 4.9 0.7 8.8 77 1,187 8.7 -1 1,172
Total Net Income 4.5 0.5 8.2 81 1,622 8.6 5 1,713
Agriculture Value Added Account Total Value of Production 137.0 122.2 146.0 7 19 151.0 3 24
Expenses on Inputs 94.0 86.6 98.0 4 13 102.0 4 18
Gross Value Added 42.0 35.0 48.0 14 37 49.0 2 40
Depreciation 8.0 7.6 9.0 13 18 9.0 0 18
Net Value Added 34.0 27.2 39.0 15 43 40.0 3 47


Table B.1b: Financial Situation, Newfoundland and Labrador, 2010 to 2012 - Part 1b
  2010 ($ per farm) Average 2006-10 ($ per farm) 2011 ($ per farm) * Percent change 2012 ($ per farm) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source: Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

x Suppressed to meet the confidentiality requirements of the Statistics Act.
Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Average Net Operating Income Farm Market Receipts 648,649 563,280 684,620 6 22 706,341 3 25
Program Payments 17,606 12,770 14,629 -17 15 21,970 50 72
Farm Expenses 558,894 514,503 575,371 3 12 595,692 4 16
Net Operating Income 107,362 61,548 123,877 15 101 132,620 7 115


Table B.2a: Financial Situation, Prince Edward Island, 2010 to 2012 - Part 1
  2010
($ million)
Average
2006-10 ($ million)
2011
($ million)
* Percent change 2012
($ million)
* Percent change
11/10 (%) 11/06-10
(%)
12/11
(%)
12/06-10
(%)
Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Aggregate Farm Cash Receipts, Expenses and Income Crop Receipts 243.5 241.4 303.4 25 26 286.9 -5 19
Livestock Receipts 126.7 122.6 138.0 9 13 141.9 3 16
Total Market Receipts 370.2 363.9 441.5 19 21 428.8 -3 18
Program Payments 33.5 29.0 36.7 10 27 46.1 26 59
Total Cash Receipts 403.7 393.0 478.2 18 22 475.0 -1 21
Net Operating Expenses 363.6 352.9 378.3 4 7 391.1 3 11
Net Cash Income 40.1 40.1 99.8 149 149 83.8 -16 109
Realized Net Income -0.4 -0.3 57.3 n/a n/a 40.3 -30 n/a
Total Net Income 15.7 -2.0 40.4 157 n/a 48.0 19 n/a
Agriculture Value Added Account Total Value of Production 498.0 448.4 540.0 8 20 563.0 4 26
Expenses on Inputs 332.0 299.2 343.0 3 15 354.0 3 18
Gross Value Added 163.0 145.8 193.0 18 32 205.0 6 41
Depreciation 41.0 40.8 43.0 5 5 44.0 2 8
Net Value Added 122.0 105.0 150.0 23 43 161.0 7 53


Table B.2b: Financial Situation, Prince Edward Island, 2010 to 2012 - Part 2
  2010
($ per farm)
Average
2006-10
($ per farm)
2011
($ per farm)
* Percent change 2012
($ per farm)
* Percent change
11/10 (%) 11/06-10
(%)
12/11
(%)
12/06-10
(%)
Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Average Net Operating Income Farm Market Receipts 406,808 361,563 481,924 18 33 476,707 -1 32
Program Payments 29,059 26,334 32,395 11 23 41,408 28 57
Farm Expenses 378,201 341,993 403,067 7 18 419,304 4 23
Net Operating Income 57,666 45,904 111,251 93 142 98,812 -11 115


Table B.2c: Financial Situation, Prince Edward Island, 2010 to 2012 - Part 3
2010 ($ per family) Average
2006-10 ($ per family)
2011
($ per family)
* Percent change 2012 ($ per family) * Percent change
11/10 (%) 11/06-10
(%)
12/11
(%)
12/06-10
(%)
Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Average Total Family Income Net Operating Income 21,407 18,729 41,298 93 121 36,680 -11 96
Other Family Income 65,258 60,599 68,819 5 14 72,353 5 19
Total Family Income 86,664 79,328 110,117 27 39 109,033 -1 37


Table B.3a: Financial Situation, Nova Scotia, 2010 to 2012 - Part 1
2010 ($ million) Average 2006-10 ($ million) 2011 ($ million) * Percent change 2012 ($ million) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ
Aggregate Farm Cash Receipts, Expenses and Income Crop Receipts 129.6 134.5 134.6 4 0 133.1 -1 -1
Livestock Receipts 356.9 330.1 389.2 9 18 406.4 4 23
Total Market Receipts 486.5 464.6 523.8 8 13 539.5 3 16
Program Payments 12.7 15.0 15.1 19 1 11.7 -23 -22
Total Cash Receipts 499.2 479.6 538.9 8 12 551.2 2 15
Net Operating Expenses 415.5 409.3 434.0 4 6 450.0 4 10
Net Cash Income 83.7 70.3 104.9 25 49 101.2 -4 44
Realized Net Income 25.4 14.7 44.3 74 202 38.7 -13 164
Total Net Income 24.8 11.4 45.2 82 297 37.3 -17 228
Agriculture Value Added Account Total Value of Production 591.0 563.4 636.0 8 13 651.0 2 16
Expenses on Inputs 368.0 349.8 383.0 4 9 398.0 4 14
Gross Value Added 220.0 210.2 249.0 13 18 249.0 0 18
Depreciation 59.0 55.2 62.0 5 12 64.0 3 16
Net Value Added 160.0 154.6 188.0 18 22 186.0 -1 20


Table B.3b: Financial Situation, Nova Scotia, 2010 to 2012 - Part 2
2010 ($ per farm) Average ($ per farm) 2006-10 2011 ($ per farm) * Percent change 2012 ($ per farm) * Percent change
11/10 (%) 11/06-(%) 12/11 (%) 12/06-10 (%)
Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ
Average Net Operating Income Farm Market Receipts 341,338 287,862 380,280 11 32 398,618 5 38
Program Payments 12,198 11,197 14,728 21 32 11,572 -21 3
Farm Expenses 295,025 256,219 323,399 10 26 341,020 5 33
Net Operating Income 58,511 42,840 71,609 22 67 69,170 -3 61


Table B.3c: Financial Situation, Nova Scotia, 2010 to 2012 - Part 3
2010 ($ per family) Average ($ per family) 2011 ($ per family) * Percent change 2012 ($ per family) * Percent change
11/10 (% 11/06-(%) 12/11 (%) 12/06-10 (%)
Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ
Average Total Family Income Net Operating Income 24,688 18,335 30,214 22 65 29,185 -3 59
Other Family Income 67,801 62,522 71,763 6 15 75,764 6 21
Total Family Income 92,489 80,857 101,977 10 26 104,949 3 30


Table B.4a: Financial Situation, New Brunswick, 2010 to 2012 - Part 1
2010 ($ million) Average ($ million) 2006-10 2011 ($ million) * Percent change 2012 ($ million) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source: Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Aggregate Farm Cash Receipts, Expenses and Income Crop Receipts 229.3 223.7 269.3 17 20 230.4 -14 3
Livestock Receipts 225.2 219.4 244.1 8 11 250.6 3 14
Total Market Receipts 454.4 443.1 513.4 13 16 481.0 -6 9
Program Payments 24.1 30.0 23.0 -4 -23 34.8 51 16
Total Cash Receipts 478.5 473.1 536.4 12 13 515.7 -4 9
Net Operating Expenses 409.5 399.6 422.0 3 6 431.5 2 8
Net Cash Income 69.0 73.5 114.4 66 56 84.3 -26 15
Realized Net Income 16.2 21.2 60.2 271 184 28.5 -53 34
Total Net Income 25.2 21.5 16.3 -35 -24 60.2 270 180
Agriculture Value Added Account Total Value of Production 574.0 531.8 578.0 1 9 635.0 10 19
Expenses on Inputs 364.0 329.4 372.0 2 13 380.0 2 15
Gross Value Added 206.0 199.0 202.0 -2 2 251.0 24 26
Depreciation 54.0 52.4 55.0 2 5 57.0 4 9
Net Value Added 153.0 146.8 147.0 -4 0 194.0 32 32


Table B.4b: Financial Situation, New Brunswick, 2010 to 2012 - Part 2
  2010 ($ per farm) Average ($ per farm) 2006-10 2011 ($ per farm) * Percent change 2012 ($ per farm) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source: Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Average Net Operating Income Farm Market Receipts 425,273 349,033 489,737 15 40 467,110 -5 34
Program Payments 22,972 23,635 22,306 -3 -6 34,274 54 45
Farm Expenses 386,032 320,684 416,549 8 30 423,190 2 32
Net Operating Income 62,213 51,984 95,495 53 84 78,194 -18 50


Table B.4c: Financial Situation, New Brunswick, 2010 to 2012 - Part 3
2010 ($ per family) Average ($ per family) 2006-10 2011 ($ per family) * Percent change 2012 ($ per family) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source: Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Average Total Family Income Net Operating Income 19,950 17,706 30,623 53 73 25,075 -18 42
Other Family Income 63,866 58,152 67,577 6 16 71,736 6 23
Total Family Income 83,816 75,858 98,200 17 29 96,810 -1 28


Table B.5a: Financial Situation, Quebec, 2010 to 2012 - Part 1
2010 ($ million) Average 2006-10 ($ million) 2011 ($ million) * Percent change 2012 ($ million) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Aggregate Farm Cash Receipts, Expenses and Income Crop Receipts 2,053.4 1,890.1 2,428.5 18 28 2,382.2 -2 26
Livestock Receipts 4,502.3 4,204.6 4,798.8 7 14 4,908.6 2 17
Total Market Receipts 6,555.8 6,094.7 7,227.3 10 19 7,290.8 1 20
Program Payments 617.2 952.3 745.9 21 -22 702.7 -6 -26
Total Cash Receipts 7,172.9 7,047.1 7,973.2 11 13 7,993.4 0 13
Net Operating Expenses 5,457.7 5,552.2 5,980.1 10 8 5,851.4 -2 5
Net Cash Income 1,715.2 1,494.8 1,993.2 16 33 2,142.0 7 43
Realized Net Income 998.7 814.6 1,240.3 24 52 1,367.4 10 68
Total Net Income 1,045.1 775.3 1,222.8 17 58 1,392.7 14 80
Agriculture Value Added Account Total Value of Production 8,948.0 8,424.4 9,938.0 11 18 9,861.0 -1 17
Expenses on Inputs 5,757.0 5,486.8 6,422.0 12 17 6,173.0 -4 13
Gross Value Added 3,128.0 2,839.4 3,451.0 10 22 3,622.0 5 28
Depreciation 727.0 673.6 764.0 5 13 786.0 3 17
Net Value Added 2,401.0 2,165.6 2,687.0 12 24 2,836.0 6 31


Table B.5b: Financial Situation, Quebec, 2010 to 2012 - Part 2
2010 ($ per farm) Average 2006-10 ($ per farm) 2011 ($ per farm) * Percent change 2012 ($ per farm) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Average Net Operating Income Farm Market Receipts 338,939 308,451 377,368 11 22 387,372 3 26
Program Payments 32,551 36,514 39,853 22 9 38,046 -5 4
Farm Expenses 306,880 291,959 338,453 10 16 339,534 0 16
Net Operating Income 64,611 53,006 78,768 22 49 85,885 9 62


Table B.5c: Financial Situation, Quebec, 2010 to 2012 - Part 3
2010 ($ per family) Average 2006-10 ($ per family) 2011 ($ per family) * Percent change 2012 ($ per family) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Average Total Family Income Net Operating Income 34,905 28,716 42,553 22 48 46,397 9 62
Other Family Income 57,222 52,376 60,402 6 15 63,071 4 20
Total Family Income 92,126 81,092 102,955 12 27 109,468 6 35



Table B.6a: inancial Situation, Ontario, 2010 to 2012 - Part 1
  2010 ($ million) Average 2006-10 ($ million) 2011 ($ million) * Percent change 2012 ($ million) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source: Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole arm Data Project.
Agriculture and Agri-ood Canada, aggregate orecast igures or 2011 and 2012; arm level orecast igures or 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to dierences in concepts, the trends in the aggregate and arm level perormance indicators may dier.
Aggregate arm Cash Receipts, Expenses and Income Crop Receipts 5,297.1 4,577.6 5,952.2 12 30 6,002.4 1 31
Livestock Receipts 4,689.5 4,596.7 5,314.6 13 16 5,381.3 1 17
Total Market Receipts 9,986.6 9,174.3 11,266.8 13 23 11,383.8 1 24
Program Payments 285.9 512.0 277.6 -3 -46 382.7 38 -25
Total Cash Receipts 10,272.5 9,686.2 11,544.4 12 19 11,766.5 2 21
Net Operating Expenses 8,516.5 8,257.0 9,029.3 6 9 9,286.0 3 12
Net Cash Income 1,755.9 1,429.2 2,515.1 43 76 2,480.5 -1 74
Realized Net Income 530.8 250.5 1,215.1 129 385 1,140.1 -6 355
Total Net Income 488.4 163.5 1,319.8 170 707 1,069.9 -19 554
Agriculture Value Added Account Total Value o Production 12,804.0 11,693.0 14,346.0 12 23 14,464.0 1 24
Expenses on Inputs 8,605.0 7,857.4 9,100.0 6 16 9,343.0 3 19
Gross Value Added 4,079.0 3,724.4 5,123.0 26 38 4,996.0 -2 34
Depreciation 1,234.0 1,162.4 1,310.0 6 13 1,350.0 3 16
Net Value Added 2,845.0 2,562.0 3,813.0 34 49 3,645.0 -4 42


Table B.6b: inancial Situation, Ontario, 2010 to 2012 - Part 2
  2010 ($ per arm) Average 2006-10 ($ per arm) 2011 ($ per arm) * Percent change 2012 ($ per arm) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source: Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole arm Data Project.
Agriculture and Agri-ood Canada, aggregate orecast igures or 2011 and 2012; arm level orecast igures or 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to dierences in concepts, the trends in the aggregate and arm level perormance indicators may dier.
Average Net Operating Income Farm Market Receipts 291,584 268,766 332,353 14 24 340,480 2 27
Program Payments 9,663 12,387 9,506 -2 -23 13,279 40 7
Farm Expenses 256,251 244,720 278,428 9 14 289,182 4 18
Net Operating Income 44,996 36,433 63,431 41 74 64,578 2 77


Table B.6c: inancial Situation, Ontario, 2010 to 2012 - Part 3
  2010 ($ per amily) Average 2006-10 ($ per amily) 2011 ($ per amily) * Percent change 2012 ($ per amily) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source: Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole arm Data Project.
Agriculture and Agri-ood Canada, aggregate orecast igures or 2011 and 2012; arm level orecast igures or 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to dierences in concepts, the trends in the aggregate and arm level perormance indicators may dier.
Average Total amily Income Net Operating Income 22,079 17,314 31,125 41 80 31,689 2 83
Other amily Income 84,402 79,054 89,373 6 13 94,703 6 20
Total amily Income 106,481 96,368 120,498 13 25 126,391 5 31


Table B.7a: Financial Situation, Manitoba, 2010 to 2012 - Part 1
  2010 ($ million) Average
2006-10 ($ million)
2011 ($ million) * Percent change 2012 ($ million) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source: Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Aggregate Farm Cash Receipts, Expenses and Income Crop Receipts 2,742.8 2,356.7 2,361.9 -14 0 2,313.5 -2 -2
Livestock Receipts 1,759.9 1,737.1 1,865.3 6 7 1,925.3 3 11
Total Market Receipts 4,502.7 4,093.8 4,227.1 -6 3 4,238.8 0 4
Program Payments 349.4 425.0 569.4 63 34 424.4 -25 0
Total Cash Receipts 4,852.1 4,518.7 4,796.5 -1 6 4,663.2 -3 3
Net Operating Expenses 3,686.4 3,641.2 3,792.7 3 4 4,055.7 7 11
Net Cash Income 1,165.6 877.6 1,003.8 -14 14 607.5 -39 -31
Realized Net Income 632.1 381.6 432.7 -32 13 21.2 -95 -94
Total Net Income 56.3 411.5 90.3 60 -78 520.6 477 26
Agriculture Value Added Account Total Value of Production 5,114.0 5,127.2 5,337.0 4 4 6,081.0 14 19
Expenses on Inputs 3,685.0 3,494.8 3,810.0 3 9 4,054.0 6 16
Gross Value Added 1,351.0 1,556.4 1,444.0 7 -7 1,942.0 34 25
Depreciation 536.0 485.8 574.0 7 18 590.0 3 21
Net Value Added 815.0 1,070.8 870.0 7 -19 1,352.0 55 26


Table B.7b: Financial Situation, Manitoba, 2010 to 2012 - Part 2
  2010 ($ per farm) Average
2006-10 ($ per farm)
2011 ($ per farm) * Percent change 2012 ($ per farm) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source: Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Average Net Operating Income Farm Market Receipts 323,759 288,939 310,262 -4 7 318,483 3 10
Program Payments 24,313 25,103 40,157 65 60 30,336 -24 21
Farm Expenses 288,021 269,825 299,152 4 11 323,977 8 20
Net Operating Income 60,050 44,216 51,267 -15 16 24,843 -52 -44


Table B.7c: Financial Situation, Manitoba, 2010 to 2012 - Part 3
  2010 ($ per family) Average
2006-10 ($ per family)
2011 ($ per family) * Percent change 2012 ($ per family) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source: Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Average Total Family Income Net Operating Income 29,049 22,299 24,800 -15 11 12,018 -52 -46
Other Family Income 67,215 61,018 71,236 6 17 75,604 6 24
Total Family Income 96,264 83,317 96,036 0 15 87,621 -9 5


Table B.8a: Financial Situation, Saskatchewan, 2010 to 2012 - Part 1
  2010 ($ million) Average 2006-10 ($ million) 2011 ($ million) * Percent change 2012 ($ million) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source: Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Aggregate Farm Cash Receipts, Expenses and Income Crop Receipts 6,684.9 5,964.6 7,544.6 13 26 7,710.0 2 29
Livestock Receipts 1,544.2 1,639.2 1,756.3 14 7 1,853.4 6 13
Total Market Receipts 8,229.1 7,603.8 9,300.9 13 22 9,563.4 3 26
Program Payments 911.8 838.6 1,264.4 39 51 800.3 -37 -5
Total Cash Receipts 9,140.9 8,442.4 10,565.3 16 25 10,363.7 -2 23
Net Operating Expenses 6,040.9 6,095.5 6,940.0 15 14 7,173.9 3 18
Net Cash Income 3,100.0 2,346.8 3,625.3 17 54 3,189.8 -12 36
Realized Net Income 1,959.7 1,298.6 2,367.9 21 82 1,895.5 -20 46
Total Net Income 1,091.3 1,465.2 2,610.1 139 78 2,239.1 -14 53
Agriculture Value Added Account Total Value of Production 9,217.0 9,039.0 11,888.0 29 32 11,906.0 0 32
Expenses on Inputs 5,693.0 5,519.6 6,572.0 15 19 6,869.0 5 24
Gross Value Added 3,373.0 3,345.8 5,169.0 53 54 4,890.0 -5 46
Depreciation 1,144.0 1,023.0 1,262.0 10 23 1,299.0 3 27
Net Value Added 2,229.0 2,322.6 3,907.0 75 68 3,592.0 -8 55


Table B.8b: Financial Situation, Saskatchewan, 2010 to 2012 - Part 2
  2010 ($ per farm) Average 2006-10 ($ per farm) 2011 ($ per farm) * Percent change 2012 ($ per farm) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source: Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Average Net Operating Income Farm Market Receipts 220,509 188,520 255,366 16 35 266,379 4 41
Program Payments 20,773 17,168 29,187 41 70 18,720 -36 9
Farm Expenses 183,748 163,020 213,498 16 31 223,182 5 37
Net Operating Income 57,534 42,668 71,055 24 67 61,917 -13 45


Table B.8c: Financial Situation, Saskatchewan, 2010 to 2012 - Part 3
  2010 ($ per family) Average 2006-10 ($ per family) 2011 ($ per family) * Percent change 2012 ($ per family) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source: Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Average Total Family Income Net Operating Income 29,002 24,197 35,818 24 48 31,211 -13 29
Other Family Income 81,433 72,391 87,597 8 21 93,974 7 30
Total Family Income 110,435 96,588 123,414 12 28 125,186 1 30


Table B.9a: Financial Situation, Alberta, 2010 to 2012 - Part 1
  2010 ($ million) Average 2006-10 ($ million) 2011 ($ million) * Percent change 2012 ($ million) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source: Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Aggregate Farm Cash Receipts, Expenses and Income Crop Receipts 3,798.7 3,804.5 4,989.2 31 31 5,439.7 9 43
Livestock Receipts 4,386.0 4,254.1 4,613.5 5 8 4,746.1 3 12
Total Market Receipts 8,184.7 8,058.6 9,602.7 17 19 10,185.8 6 26
Program Payments 816.9 934.5 695.7 -15 -26 574.0 -17 -39
Total Cash Receipts 9,001.6 8,993.1 10,298.4 14 15 10,759.8 4 20
Net Operating Expenses 7,746.7 7,556.0 8,378.1 8 11 8,596.3 3 14
Net Cash Income 1,254.9 1,437.1 1,920.3 53 34 2,163.5 13 51
Realized Net Income -99.5 149.0 496.0 n/a 233 703.4 42 372
Total Net Income 259.3 128.0 920.2 255 619 559.4 -39 337
Agriculture Value Added Account Total Value of Production 13,382.0 12,739.0 14,914.0 11 17 14,873.0 0 17
Expenses on Inputs 10,084.0 9,530.6 10,806.0 7 13 11,044.0 2 16
Gross Value Added 3,188.0 3,108.8 3,992.0 25 28 3,711.0 -7 19
Depreciation 1,362.0 1,260.0 1,433.0 5 14 1,469.0 3 17
Net Value Added 1,826.0 1,848.4 2,559.0 40 38 2,242.0 -12 21


Table B.9b: Financial Situation, Alberta, 2010 to 2012 - Part 2
  2010 ($ per farm) Average 2006-10 ($ per farm) 2011 ($ per farm) * Percent change 2012 ($ per farm) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source: Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Average Net Operating Income Farm Market Receipts 323,412 283,811 372,953 15 31 395,360 6 39
Program Payments 21,770 20,830 18,788 -14 -10 15,707 -16 -25
Farm Expenses 304,474 262,978 332,680 9 27 344,635 4 31
Net Operating Income 40,707 41,663 59,061 45 42 66,432 12 59


Table B.9c: Financial Situation, Alberta, 2010 to 2012 - Part 3
  2010 ($ per family) Average 2006-10 ($ per family) 2011 ($ per family) * Percent change 2012 ($ per family) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source: Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Average Total Family Income Net Operating Income 18,350 19,712 26,623 45 35 29,946 12 52
Other Family Income 99,995 96,125 108,978 9 13 117,596 8 22
Total Family Income 118,344 115,837 135,601 15 17 147,542 9 27


Table B.10a: Financial Situation, British Columbia, 2010 to 2012 - Part 1
  2010 ($ million) Average 2006-10 ($ million) 2011 ($ million) * Percent change 2012 ($ million) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source: Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Aggregate Farm Cash Receipts, Expenses and Income Crop Receipts 1,224.2 1,146.4 1,267.9 4 11 1,300.4 3 13
Livestock Receipts 1,228.3 1,219.3 1,357.2 10 11 1,405.4 4 15
Total Market Receipts 2,452.5 2,365.7 2,625.2 7 11 2,705.7 3 14
Program Payments 81.6 99.5 65.2 -20 -34 55.7 -15 -44
Total Cash Receipts 2,534.1 2,465.3 2,690.4 6 9 2,761.4 3 12
Net Operating Expenses 2,256.9 2,249.7 2,350.6 4 4 2,392.6 2 6
Net Cash Income 277.2 215.6 339.7 23 58 368.8 9 71
Realized Net Income -36.2 -95.5 14.0 n/a n/a 39.0 178 n/a
Total Net Income -51.6 -121.8 54.1 n/a n/a 40.1 -26 n/a
Agriculture Value Added Account Total Value of Production 3,089.0 2,896.8 3,326.0 8 15 3,365.0 1 16
Expenses on Inputs 2,057.0 1,929.6 2,145.0 4 11 2,178.0 2 13
Gross Value Added 1,008.0 944.6 1,156.0 15 22 1,162.0 1 23
Depreciation 318.0 305.2 330.0 4 8 335.0 2 10
Net Value Added 691.0 640.0 826.0 20 29 827.0 0 29


Table B.10b: Financial Situation, British Columbia, 2010 to 2012- Part 2
  2010 ($ per farm) Average 2006-10 ($ per farm) 2011 ($ per farm) * Percent change 2012 ($ per farm) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source: Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Average Net Operating Income Farm Market Receipts 351,102 317,441 389,181 11 23 406,430 4 28
Program Payments 11,000 11,781 8,914 -19 -24 7,716 -13 -34
Farm Expenses 321,503 297,870 350,148 9 18 362,379 3 22
Net Operating Income 40,598 31,352 47,948 18 53 51,767 8 65


Table B.10c: Financial Situation, British Columbia, 2010 to 2012- Part 3
  2010 ($ per family) Average 2006-10 ($ per family) 2011 ($ per family) * Percent change 2012 ($ per family) * Percent change
11/10 (%) 11/06-10 (%) 12/11 (%) 12/06-10 (%)
Source: Statistics Canada, Catalogue Nos. 21-010-XIE to 21-018-XIE.
Statistics Canada Whole Farm Data Project.
Agriculture and Agri-Food Canada, aggregate forecast figures for 2011 and 2012; farm level forecast figures for 2010-2012.
* The percent change calculation may not be exact due to rounding.

Note: Due to differences in concepts, the trends in the aggregate and farm level performance indicators may differ.
Average Total Family Income Net Operating Income 8,426 7,204 9,951 18 38 10,744 8 49
Other Family Income 90,707 85,441 96,994 7 14 103,545 7 21
Total Family Income 99,133 92,644 106,945 8 15 114,289 7 23

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