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
2024r            
+ Total farm cash receipts including payments 97,617 169 840 769 1,183 12,958
- Total operating expenses after rebates 78,995 157 656 731 1,065 11,682
= Net cash income 18,623 12 184 37 119 1,276
+ Income-in-kind 78 1 0 1 1 17
- Depreciation 10,333 17 76 92 96 1,448
= Realized net income 8,368 -4 109 -53 24 -155
+ Value of inventory change 30 -1 -11 0 50 126
= Total net income 8,398 -5 98 -53 74 -29
2025p            
+ Total farm cash receipts including payments 102,160 170 835 824 1,303 13,543
- Total operating expenses after rebates 83,033 158 684 744 1,300 11,728
= Net cash income 19,127 12 151 80 4 1,815
+ Income-in-kind 91 1 0 1 1 19
- Depreciation 10,878 18 80 95 101 1,514
= Realized net income 8,340 -5 71 -14 -96 319
+ Value of inventory change 4,405 -0 -49 -3 4 -164
= Total net income 12,744 -5 23 -17 -92 155
  Canada Ontario Manitoba Saskatchewan Alberta British Columbia
  millions of dollarsmillions of dollarsmillions of dollarsmillions of dollarsmillions of dollarsmillions of dollars
2024r            
+ Total farm cash receipts including payments 97,617 22,308 9,751 21,467 23,119 5,053
- Total operating expenses after rebates 78,995 18,404 7,680 15,360 18,396 4,863
= Net cash income 18,623 3,904 2,071 6,107 4,723 190
+ Income-in-kind 78 17 8 10 15 8
- Depreciation 10,333 2,517 902 2,142 2,449 594
= Realized net income 8,368 1,404 1,178 3,976 2,289 -397
+ Value of inventory change 30 14 -32 290 -409 2
= Total net income 8,398 1,418 1,146 4,265 1,879 -395
2025p            
+ Total farm cash receipts including payments 102,160 24,086 10,332 21,077 24,483 5,505
- Total operating expenses after rebates 83,033 19,437 7,910 15,898 19,950 5,223
= Net cash income 19,127 4,649 2,422 5,179 4,533 282
+ Income-in-kind 91 20 10 12 18 9
- Depreciation 10,878 2,665 949 2,255 2,591 610
= Realized net income 8,340 2,004 1,483 2,936 1,960 -319
+ Value of inventory change 4,405 -404 74 2,708 2,076 162
= Total net income 12,744 1,600 1,556 5,644 4,037 -156
r
revised
p
preliminary
Note(s):
Figures may not add up to totals because of rounding.
Source(s):
Table 32-10-0052-01.
Date modified: