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Farm cash receipts, first quarter 2017

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Released: 2017-05-24

Farm cash receipts (quarterly) — Canada

$16.1 billion

First quarter 2017

1.0% increase

(year-over-year change)

Farm cash receipts (quarterly) — N.L.

$34.9 million

First quarter 2017

1.9% increase

(year-over-year change)

Farm cash receipts (quarterly) — P.E.I.

$131.9 million

First quarter 2017

0.8% increase

(year-over-year change)

Farm cash receipts (quarterly) — N.S.

$148.1 million

First quarter 2017

-3.0% decrease

(year-over-year change)

Farm cash receipts (quarterly) — N.B.

$137.0 million

First quarter 2017

0.8% increase

(year-over-year change)

Farm cash receipts (quarterly) — Que.

$1,907.9 million

First quarter 2017

4.6% increase

(year-over-year change)

Farm cash receipts (quarterly) — Ont.

$2,703.3 million

First quarter 2017

1.7% increase

(year-over-year change)

Farm cash receipts (quarterly) — Man.

$1,812.1 million

First quarter 2017

4.8% increase

(year-over-year change)

Farm cash receipts (quarterly) — Sask.

$4,489.0 million

First quarter 2017

-4.7% decrease

(year-over-year change)

Farm cash receipts (quarterly) — Alta.

$4,127.0 million

First quarter 2017

3.8% increase

(year-over-year change)

Farm cash receipts (quarterly) — B.C.

$617.3 million

First quarter 2017

2.2% increase

(year-over-year change)

Farm cash receipts for Canadian farmers totalled $16.1 billion in the first quarter of 2017, up 1.0% from the same quarter a year earlier. Increases in program payments (+56.8%) and crop receipts (+0.5%) were just enough to offset a decline in livestock receipts (-2.7%).

Farm cash receipts, which include crop and livestock revenues as well as program payments, rose in eight provinces compared with the first quarter of 2016. Increases ranged from 4.8% in Manitoba to 0.8% in Prince Edward Island and New Brunswick.

Lower receipts in Saskatchewan (-4.7%) and Nova Scotia (-3.0%) moderated the national increase.

Livestock receipts

Livestock receipts declined by $165 million to $6.0 billion in the first quarter of 2017. This was the second consecutive year-over-year decrease for the January-to-March period and was primarily the result of continued declines in cattle and calf receipts (-12.9%). Average cattle and calf prices declined 12.4% from the first quarter of 2016 and were 24.3% below the average prices from the first quarter of 2015. In turn, 2017 first quarter prices were up 7.7% over the last quarter of 2016, the first quarter-over-quarter increase since the second quarter of 2015.

Declines in cattle and calves marketings (-0.6%) also contributed to the drop in first quarter receipts. Reductions in both international (-17.2%) and interprovincial (-3.6%) marketings were more than enough to offset a 4.4% increase in domestic slaughter marketings.

Receipts from the supply-managed sectors rose 4.8%, tempering the drop in cattle and calf receipts. Dairy receipts were the main contributor, rising 6.9% as both marketings and prices rose. Increased egg (+4.3%) and chicken (+1.7%) receipts also contributed as a result of growth in marketings.

Hog receipts (+3.1%) also helped moderate the decline in cattle and calf receipts, as prices rose 5.6%.

Livestock receipts fell in eight provinces, with declines ranging from 17.3% in Saskatchewan to 0.6% in Ontario. Receipts increased 1.4% in Newfoundland and Labrador and 1.0% in Quebec

Crop receipts

Crop receipts increased by $46 million (+0.5%) in the first quarter compared with the same quarter in 2016. Saskatchewan was the only province to record a decrease in crop receipts, falling 7.5% (-$303 million). That decline was almost enough to offset the increases in the rest of Canada

Receipts for canola, the top grossing crop for the period, rose 15.1% to $2.5 billion, as both marketings (+9.4%) and prices (+5.2%) were up.

Increases in liquidations of deferred grain sales (+8.6%), as well as higher soybean (+15.7%) receipts, also contributed to the rise in crop receipts. Soybean prices were up 10.0% from the same quarter a year earlier while marketings rose 5.2%.

A 34.0% decline in lentil receipts moderated the gain in crop receipts as prices fell 33.6% from the first quarter of 2016. Lentil prices peaked in the second quarter of 2016 before declining, as world production began to recover.

Durum receipts decreased 26.6%, primarily due to a 26.9% drop in prices following record 2016 Canadian production. Wheat excluding durum receipts also tempered the rise in crop receipts, declining 7.9% as both marketings and prices were down.

Program payments

In the first quarter, program payments were up 56.8% from the first quarter of 2016 to $752 million. Higher crop insurance payments (+63.5%), primarily in Saskatchewan, were the main reason for the rise in the first quarter of 2017.



  Note to readers

All data are in current dollars. Farm cash receipts measure the gross revenue of farm businesses. They include sales of crops and livestock products (except sales between farms in the same province) and program payments. Receipts are recorded when the money is paid to farmers; they do not represent their bottom line, as farmers have to pay their expenses and loans and cover depreciation.

Farm cash receipts are, for the most part, based on monthly marketings and the monthly prices of various commodities. Marketings are quantities sold, using various units of measure.

Data are extracted from administrative files and derived from other Statistics Canada surveys and/or other sources. These data are subject to revision.

For details on farm cash receipts and net farm income for 2016, see the "Farm income" release in today's Daily.

Farm cash receipts data for the second and third quarters of 2017 will be released in November.

Products

Summary tables are also available.

Contact information

For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; STATCAN.infostats-infostats.STATCAN@canada.ca) or Media Relations (613-951-4636; STATCAN.mediahotline-ligneinfomedias.STATCAN@canada.ca).

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