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
2021r            
+ Total farm cash receipts including payments 82,778 141 532 650 963 11,113
- Total operating expenses after rebates 59,836 145 488 625 761 8,754
= Net cash income 22,942 -4 44 25 201 2,360
+ Income-in-kind 63 0 0 1 1 15
- Depreciation 9,189 16 61 84 86 1,186
= Realized net income 13,816 -20 -16 -58 117 1,188
+ Value of inventory change -7,733 3 113 5 49 91
= Total net income 6,083 -17 97 -52 166 1,279
2022p            
+ Total farm cash receipts including payments 95,027 157 728 738 1,142 12,733
- Total operating expenses after rebates 72,535 169 598 725 929 10,413
= Net cash income 22,492 -12 130 13 213 2,319
+ Income-in-kind 69 0 0 1 1 17
- Depreciation 10,065 17 67 90 93 1,327
= Realized net income 12,496 -29 63 -75 121 1,009
+ Value of inventory change 8,771 1 -39 -1 5 96
= Total net income 21,267 -28 24 -76 126 1,105
  Canada Ontario Manitoba Saskatchewan Alberta British Columbia
  millions of dollarsmillions of dollarsmillions of dollarsmillions of dollarsmillions of dollarsmillions of dollars
2021r            
+ Total farm cash receipts including payments 82,778 18,806 8,494 19,222 18,684 4,172
- Total operating expenses after rebates 59,836 14,565 5,946 11,523 13,297 3,732
= Net cash income 22,942 4,241 2,548 7,699 5,387 440
+ Income-in-kind 63 13 6 7 13 6
- Depreciation 9,189 2,055 863 2,100 2,184 554
= Realized net income 13,816 2,198 1,691 5,606 3,216 -108
+ Value of inventory change -7,733 106 -885 -4,906 -2,328 20
= Total net income 6,083 2,304 806 700 888 -88
2022p            
+ Total farm cash receipts including payments 95,027 21,671 9,749 21,161 22,253 4,696
- Total operating expenses after rebates 72,535 17,115 7,225 14,406 16,576 4,379
= Net cash income 22,492 4,556 2,524 6,755 5,677 317
+ Income-in-kind 69 15 6 8 12 7
- Depreciation 10,065 2,283 926 2,259 2,390 612
= Realized net income 12,496 2,288 1,604 4,504 3,299 -288
+ Value of inventory change 8,771 -103 1,207 4,807 2,795 2
= Total net income 21,267 2,185 2,811 9,311 6,094 -286
r
revised
p
preliminary
Note(s):
Figures may not add up to totals because of rounding.
Source(s):
Table 32-10-0052-01.
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