Farm cash receipts, January to June, 2025

Released: 2025-08-29

Farm cash receipts in Canada totalled $49.6 billion in the first two quarters, up $1.6 billion (+3.3%) from the same period in 2024. Receipts for livestock (+$2.1 billion) rose in the first two quarters of 2025, while program payments (-$584.5 million) declined. Crop receipts (+$80.2 million) were practically unchanged (+0.3%) compared with the same period one year earlier.

Chart 1 
Total crop, livestock and direct payment receipts as a proportion of total farm cash receipts, January to June, 2015 to 2025

Most provinces recorded higher farm cash receipts in the first two quarters, led by Alberta (+$530.9 million) and Ontario (+$525.0 million). Meanwhile, Saskatchewan (-$96.2 million) and Prince Edward Island (-$3.1 million) posted small decreases compared with the same period the previous year.

Chart 2 
Farm cash receipts by category, by province or region, January to June 2025

Price increases drive up livestock receipts

Total livestock receipts rose 10.8% to $21.3 billion in the first two quarters, on account of higher prices for all livestock types except poultry.

Cattle (+$1.2 billion) and hog (+$436.4 million) receipts led the increase in the first half of 2025, together accounting for roughly 80% of the rise in livestock receipts. Cattle receipts were up because of higher prices (+20.3%), despite lower marketings (-3.1%) due to a decline in the number of cattle slaughtered. Hog receipts also increased, as a result of higher prices (+10.5%) and marketings (+3.1%). Strong international demand for pork products contributed to an increased number of hogs slaughtered.

Supply-managed receipts grew 2.7% to $7.7 billion in the first two quarters, representing roughly 35% of total livestock receipts. Dairy receipts (+$184.8 million) drove the increase in supply-managed receipts, mainly on an rise in prices. Receipts for eggs for consumption grew $58.0 million because of increased marketings. Receipts for turkeys for meat (-$39.6 million) were down, as a reduction in the national quota caused a decline in marketings.

Crop receipts hold steady

In the first two quarters, crop receipts were relatively unchanged, at $25.9 billion (+0.3%), compared with the same period the previous year. While cash receipts increased for most crops, these gains were offset by reduced receipts for barley and lower liquidations of deferred crop sales in Western Canada.

During the first two quarters, receipts for soybeans (+$103.2 million) and canola (+$76.4 million) rose on higher marketings, which contributed to an overall increase in oilseed receipts compared with the same period the previous year. An abundant supply of soybeans put downward pressure on prices, moderating the gain in receipts.

Cereal and grain receipts increased in the first two quarters on higher receipts for durum wheat (+$197.2 million) and wheat (excluding durum) (+$122.9 million). For most grain crops, higher marketings drove the rise in receipts while lower prices moderated gains. Meanwhile, receipts for barley (-$110.1 million) fell, as prices and marketings both declined.

Lower crop insurance leads to reduced program payments

Total direct payments dropped by $584.5 million (-20.0%) to $2.3 billion in the first two quarters. This decrease was led by Saskatchewan (-$287.4 million) and Alberta (-$162.4 million).

Crop insurance payments (-$381.4 million) accounted for nearly two-thirds of the decrease, owing to improved growing conditions in the 2024 crop year. Saskatchewan contributed to roughly 80% of the decrease in total crop insurance payments.

Contact information

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