Table 2 
Net farm income by province 

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Net farm income by province
  Canada Newfoundland and Labrador Prince Edward Island Nova Scotia New Brunswick Quebec
  millions of dollarsmillions of dollarsmillions of dollarsmillions of dollarsmillions of dollarsmillions of dollars
2020r            
+ Total farm cash receipts including payments 72,146 126 576 585 868 10,289
- Total operating expenses after rebates 54,610 132 468 574 734 8,138
= Net cash income 17,536 -6 108 11 134 2,151
+ Income-in-kind 56 0 0 1 1 13
- Depreciation 8,429 15 56 79 80 1,071
= Realized net income 9,163 -20 52 -67 55 1,093
+ Value of inventory change -1,291 -1 -38 8 -25 -116
= Total net income 7,871 -21 14 -58 30 977
2021r            
+ Total farm cash receipts including payments 83,191 145 568 673 997 11,243
- Total operating expenses after rebates 60,317 150 505 637 810 8,852
= Net cash income 22,874 -6 63 36 187 2,391
+ Income-in-kind 63 0 0 1 1 15
- Depreciation 9,207 18 62 85 89 1,185
= Realized net income 13,729 -23 2 -48 98 1,221
+ Value of inventory change -7,586 2 113 6 23 65
= Total net income 6,143 -21 114 -43 121 1,286
  Canada Ontario Manitoba Saskatchewan Alberta British Columbia
  millions of dollarsmillions of dollarsmillions of dollarsmillions of dollarsmillions of dollarsmillions of dollars
2020r            
+ Total farm cash receipts including payments 72,146 16,816 7,012 16,465 15,445 3,962
- Total operating expenses after rebates 54,610 13,248 5,361 10,434 12,076 3,445
= Net cash income 17,536 3,567 1,651 6,032 3,369 517
+ Income-in-kind 56 12 5 7 11 6
- Depreciation 8,429 1,867 798 1,951 2,004 508
= Realized net income 9,163 1,712 858 4,087 1,377 15
+ Value of inventory change -1,291 -4 -80 -1,016 -140 120
= Total net income 7,871 1,708 778 3,072 1,237 135
2021r            
+ Total farm cash receipts including payments 83,191 18,928 8,468 19,146 18,652 4,370
- Total operating expenses after rebates 60,317 14,628 5,944 11,489 13,355 3,945
= Net cash income 22,874 4,300 2,524 7,657 5,297 425
+ Income-in-kind 63 13 6 7 13 6
- Depreciation 9,207 2,067 866 2,113 2,165 558
= Realized net income 13,729 2,245 1,664 5,551 3,145 -127
+ Value of inventory change -7,586 239 -898 -4,880 -2,307 52
= Total net income 6,143 2,484 766 672 838 -75
r
revised
Note(s):
Figures may not add up to totals because of rounding.
Source(s):
Table 32-10-0052-01.
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