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Table 1 Net farm income

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Net farm income
	Canada	N.L.	P.E.I.	N.S.	N.B.	Que.	Ont.	Man.	Sask.	Alta.	B.C.
	$ millions
2007^r
+ Total farm cash receipts including payments	40,736	106	386	458	449	6,905	9,290	4,327	7,730	8,668	2,417
- Total operating expenses after rebates	33,744	96	338	400	388	5,543	8,062	3,535	5,859	7,318	2,207
= Net cash income	6,993	11	48	58	62	1,362	1,228	793	1,871	1,350	210
+ Income-in-kind	41	0	1	1	1	11	9	3	4	8	3
- Depreciation	5,021	8	40	55	54	665	1,155	461	1,018	1,250	314
= Realized net income	2,012	3	9	4	8	707	81	335	858	109	-102
+ Value of inventory change	-1,010	0	-26	1	-13	83	-301	-85	-355	-303	-11
= Total net income	1,002	3	-17	5	-5	790	-220	250	503	-194	-113
2008^p
+ Total farm cash receipts including payments	45,946	115	390	474	481	7,498	10,230	4,704	9,433	10,009	2,612
- Total operating expenses after rebates	37,494	107	369	418	414	5,973	8,778	3,979	6,822	8,257	2,378
= Net cash income	8,452	9	22	57	67	1,525	1,451	725	2,611	1,752	234
+ Income-in-kind	40	0	1	1	1	11	9	3	4	8	3
- Depreciation	5,209	8	41	57	53	690	1,189	496	1,041	1,309	326
= Realized net income	3,283	1	-19	1	15	846	271	232	1,574	452	-88
+ Value of inventory change	2,850	-1	-25	-2	-25	-158	-9	493	1,876	747	-46
= Total net income	6,133	0	-45	-2	-9	687	262	724	3,450	1,199	-134

revised

preliminary

Note(s):

Figures may not add to totals because of rounding.