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
2023r            
+ Total farm cash receipts including payments 99,484 171 807 743 1,145 13,037
- Total operating expenses after rebates 76,432 160 627 702 1,012 11,087
= Net cash income 23,052 12 180 41 132 1,950
+ Income-in-kind 72 1 0 1 1 16
- Depreciation 10,470 18 76 92 97 1,475
= Realized net income 12,654 -5 105 -50 37 492
+ Value of inventory change 712 -1 -29 -3 -48 -66
= Total net income 13,366 -7 76 -53 -11 426
2024r            
+ Total farm cash receipts including payments 98,075 168 830 775 1,175 13,053
- Total operating expenses after rebates 78,460 157 650 718 1,065 11,532
= Net cash income 19,615 12 180 57 111 1,521
+ Income-in-kind 77 1 0 1 1 17
- Depreciation 10,334 18 76 92 97 1,448
= Realized net income 9,359 -5 104 -34 15 90
+ Value of inventory change -180 -0 6 0 50 16
= Total net income 9,179 -6 110 -33 65 106
  Canada Ontario Manitoba Saskatchewan Alberta British Columbia
  millions of dollarsmillions of dollarsmillions of dollarsmillions of dollarsmillions of dollarsmillions of dollars
2023r            
+ Total farm cash receipts including payments 99,484 22,466 10,220 22,708 23,311 4,877
- Total operating expenses after rebates 76,432 17,675 7,731 15,218 17,712 4,509
= Net cash income 23,052 4,791 2,489 7,490 5,598 368
+ Income-in-kind 72 16 7 9 13 7
- Depreciation 10,470 2,518 920 2,193 2,473 609
= Realized net income 12,654 2,288 1,576 5,307 3,139 -234
+ Value of inventory change 712 97 338 552 -85 -43
= Total net income 13,366 2,385 1,914 5,859 3,054 -277
2024r            
+ Total farm cash receipts including payments 98,075 22,670 9,793 21,467 23,082 5,062
- Total operating expenses after rebates 78,460 18,319 7,671 15,311 18,201 4,835
= Net cash income 19,615 4,350 2,122 6,156 4,881 227
+ Income-in-kind 77 17 8 10 14 8
- Depreciation 10,334 2,516 902 2,142 2,449 596
= Realized net income 9,359 1,852 1,228 4,025 2,446 -362
+ Value of inventory change -180 -106 -45 289 -371 -21
= Total net income 9,179 1,746 1,183 4,314 2,075 -382
r
revised
Note(s):
Figures may not add up to totals because of rounding.
Source(s):
Table 32-10-0052-01.
Date modified: