Farm cash receipts, January to June 2022
January to June 2022
Farm cash receipts for Canadian farmers totalled $43.9 billion in the first half of 2022, up $5.6 billion (+14.6%) from the same period in 2021. Program payments (+$2.8 billion), livestock receipts (+$1.9 billion) and crop receipts (+$824.6 million) all increased from the same period a year earlier.
Most of the provinces had increases in farm cash receipts, led by Alberta (+$2.5 billion), Ontario (+$1.4 billion) and Quebec (+$940.4 million). The lone province with a decrease was Saskatchewan (-$302.0 million).
Program payments up due to crop insurance
Program payments include crop insurance payments, which are paid to producers to compensate for reduced production. In 2022, producers received higher payments due to dry conditions in Western Canada.
During the first half of 2022, program payments rose $2.8 billion to $4.3 billion, largely as a result of increases in crop insurance.
Seven of the provinces had increases in payments, led by Alberta (+$1.3 billion) and Saskatchewan (+$1.0 billion), which more than offset the minor decreases seen in three Atlantic provinces.
Livestock receipts increase across most commodities
Livestock receipts rose 13.6% to $16.2 billion in the first half of 2022 as most of the commodities brought in higher receipts.
Cattle receipts were up 21.4% to $5.2 billion, driven by increases in both marketings (+9.3%) and price (+11.1%).
Increased dairy (+$339.8 million) and chicken (+$220.9 million) receipts contributed to an overall increase for supply managed commodities in the first half of 2022 of 11.2% to $6.8 billion.
Total crop receipts are up on higher prices despite drought conditions
The 2021 drought had an impact on the receipts of several crop types, particularly those grown in Western Canada.
Eastern provinces, by contrast, were less affected by the 2021 drought. Receipts for soybeans (+47.9%) and corn (+31.4%), which are mostly grown in Eastern Canada, were up on the strength of marketings and prices.
For wheat excluding durum, receipts remained relatively stable as lower marketings (-38.4%) were offset by higher prices (+63.8%). Meanwhile, receipts for canola (-7.6%) and durum (-41.4%) were down, primarily due to low inventories.
Note to readers
The next quarterly release of Farm Cash Receipts will occur on November 25, 2022 along with revised estimates of net farm income for 2021.
All data in this release 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. These do not represent their bottom line, since 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 or other sources. These data are subject to revision. The COVID-19 pandemic has also had some impact on normal collection operations. For certain commodities, it was not possible to collect data either in time or at all; in these cases, estimates were produced (e.g., fur, maple syrup). Revisions to these estimates will be made in future releases as data become available.
For the latest information on the Census of Agriculture, visit the Census of Agriculture portal.
For more information on agriculture and food, visit the Agriculture and food statistics portal.
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