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
2022r            
+ Total farm cash receipts including payments 95,048 155 756 724 1,104 12,676
- Total operating expenses after rebates 72,977 150 589 683 957 10,428
= Net cash income 22,072 5 168 41 147 2,248
+ Income-in-kind 66 0 0 1 1 16
- Depreciation 10,141 17 70 87 91 1,426
= Realized net income 11,996 -11 98 -45 57 838
+ Value of inventory change 10,392 1 -41 -1 -2 22
= Total net income 22,388 -11 57 -46 55 860
2023r            
+ Total farm cash receipts including payments 99,411 172 814 754 1,140 13,051
- Total operating expenses after rebates 75,432 158 607 703 1,006 11,044
= Net cash income 23,978 13 207 51 134 2,007
+ Income-in-kind 72 1 0 1 1 16
- Depreciation 10,406 18 75 91 97 1,476
= Realized net income 13,644 -4 132 -39 39 548
+ Value of inventory change 241 -1 -28 -5 -49 -84
= Total net income 13,885 -5 104 -44 -10 465
  Canada Ontario Manitoba Saskatchewan Alberta British Columbia
  millions of dollarsmillions of dollarsmillions of dollarsmillions of dollarsmillions of dollarsmillions of dollars
2022r            
+ Total farm cash receipts including payments 95,048 21,750 9,783 21,131 22,251 4,718
- Total operating expenses after rebates 72,977 16,934 7,315 14,863 16,702 4,355
= Net cash income 22,072 4,816 2,468 6,268 5,549 363
+ Income-in-kind 66 14 6 8 11 7
- Depreciation 10,141 2,403 906 2,159 2,392 591
= Realized net income 11,996 2,427 1,568 4,116 3,169 -221
+ Value of inventory change 10,392 -197 1,601 5,694 3,314 0
= Total net income 22,388 2,230 3,170 9,810 6,483 -221
2023r            
+ Total farm cash receipts including payments 99,411 22,293 10,248 22,704 23,350 4,884
- Total operating expenses after rebates 75,432 17,509 7,612 14,729 17,557 4,506
= Net cash income 23,978 4,784 2,636 7,975 5,793 378
+ Income-in-kind 72 16 7 9 13 7
- Depreciation 10,406 2,488 915 2,181 2,455 611
= Realized net income 13,644 2,312 1,728 5,803 3,351 -226
+ Value of inventory change 241 42 283 301 -161 -57
= Total net income 13,885 2,353 2,011 6,104 3,190 -283
r
revised
Note(s):
Figures may not add up to totals because of rounding.
Source(s):
Table 32-10-0052-01.
Date modified: