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Farm revenues hit 10-year low CBC News \|\| May 29, 2006 Falling crop prices helped pull revenues of Canadian farmers to their lowest quarterly level in a decade, Statistics Canada said Friday. Market receipts, or revenues from the sale of crops and livestock, fell to $7.5 billion in the first quarter of 2006, down 3.4 per cent from the same period last year, the federal government agency said. Crop producers saw their revenues tumble eight per cent to $3 billion, as abundant world grain supplies and a strong Canadian dollar continued to depress prices. Livestock receipts edged down 0.1 per cent to $4.5 billion, as a decline in hog receipts counteracted gains in the cattle and calf sector. "This level was at par with the previous five-year average, a period which included the impact of the bovine spongiform encephalopathy (BSE) crises that closed the border to the United States," Statistics Canada said. Article Posted at www.KnowledgeDrivenRevolution.com Farmers received $1.6 billion in government program payments during the first quarter, down 2.6 per cent from the same three months last year. Statistics Canada also reported Friday that realized net farm income in 2005 fell to its lowest level since 2003, after two years of drought and more than two years of battling trade restrictions because of BSE. Realized net farm income —which is the difference between farmers' cash receipts and operating expenses minus depreciation, plus income in kind — tumbled 7.7 per cent to $2.1 billion. That is eight per cent below the average of the previous five years. About KDR \| \| Home \| \| Weekly Features Archive	Weekly Weekly Features Archive
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Farm revenues hit 10-year low

CBC News || May 29, 2006

Falling crop prices helped pull revenues of Canadian farmers to their lowest quarterly level in a decade, Statistics Canada said Friday.

Market receipts, or revenues from the sale of crops and livestock, fell to $7.5 billion in the first quarter of 2006, down 3.4 per cent from the same period last year, the federal government agency said. Crop producers saw their revenues tumble eight per cent to $3 billion, as abundant world grain supplies and a strong Canadian dollar continued to depress prices.

Livestock receipts edged down 0.1 per cent to $4.5 billion, as a decline in hog receipts counteracted gains in the cattle and calf sector.

"This level was at par with the previous five-year average, a period which included the impact of the bovine spongiform encephalopathy (BSE) crises that closed the border to the United States," Statistics Canada said.

Article Posted at www.KnowledgeDrivenRevolution.com

Farmers received $1.6 billion in government program payments during the first quarter, down 2.6 per cent from the same three months last year.

Statistics Canada also reported Friday that realized net farm income in 2005 fell to its lowest level since 2003, after two years of drought and more than two years of battling trade restrictions because of BSE.

Realized net farm income —which is the difference between farmers' cash receipts and operating expenses minus depreciation, plus income in kind — tumbled 7.7 per cent to $2.1 billion. That is eight per cent below the average of the previous five years.

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