Farm cash receipts, January to September 2013
Farm cash receipts for Canadian farmers totalled $39.9 billion between January and September, up 1.9% from the same period in 2012. This follows an 8.5% gain between the first nine months of 2011 and 2012.
Farm cash receipts include market receipts from the sale of crops and livestock, as well as program payments.
Receipts increased in Manitoba (+14.7%), New Brunswick (+11.9%), Newfoundland and Labrador (+6.7%), Alberta (+2.1%), Saskatchewan (+1.7%) and Nova Scotia (+1.2%). Declines ranged from 0.1% in Quebec to 3.3% in British Columbia.
Market receipts from the sale of crops and livestock rose 2.5% from the first three quarters of 2012 to $37.9 billion. Crop receipts were up 2.9% to $22.1 billion, while livestock receipts rose 1.9% to $15.8 billion.
Wheat (excluding durum) receipts totalled $3.9 billion from January to September, $980 million (+33.5%) higher than the same period in 2012. Both a 25.9% increase in average prices and a 6.0% gain in marketings contributed to the strong growth.
Conversely, canola receipts declined $715 million (-11.9%) from the same period in 2012, as marketings fell 16.7%. Canola receipts totalled $5.3 billion from January to September. Despite the drop, canola remained the top grossing crop in Canada for the first three quarters of 2013, accounting for 24% of total crop receipts.
Crop receipts in Manitoba rose 28.7%, the largest provincial increase, as production returned to more normal levels following the 2011 drought, which had significantly lowered marketings in 2012. Manitoba wheat (excluding durum) receipts rose $348 million (+86.2%) as marketings were up 65.1% and prices rose 12.8%. Gains in soybean, canola and corn receipts, mainly as a result of increased marketings, also contributed to the rise in Manitoba crop receipts.
New Brunswick also had strong growth in crop receipts (+27.4%), as potato marketings increased 46.7% from January to September compared with the same period in 2012. Potato production in New Brunswick rose to more normal levels in 2012, following a lower than average 2011 crop. In contrast, Prince Edward Island (-8.5%) had the largest percentage provincial drop, as potato receipts fell 10.2% because of declining prices and marketings.
Nationally, on the livestock side, receipts gains were seen in the poultry and hog sectors for the first nine months of 2013. Total chicken and turkey receipts were up $156 million (+7.8%), as both marketings and prices rose. Hog receipts were up $128 million (+4.4%) compared with January to September 2012 levels, despite marketings declines, as prices rose 6.0%.
Lower cattle and calf receipts (-0.9%) moderated the increase in total livestock receipts, as the total number of head marketed was down 1.5% from the same nine-month period in 2012. A 37.6% rise in the number of cattle and calves exported internationally was not enough to offset declines in both the number of head exported interprovincially (-12.0%) and slaughtered domestically (-6.9%).
Egg receipts totalled $698 million (+8.4%) from January to September, mainly because of a 6.8% rise in average prices. Dairy receipts were flat as a 1.5% price increase was offset by declines in marketings. Total farm cash receipts for the supply-managed sectors (dairy, poultry, and eggs) reached $7.3 billion from January to September, up 3.0% from the same period in 2012.
Program payments amounted to $2.0 billion in the first three quarters of 2013, 9.4% below the same period in 2012. Increases in crop insurance payments (+27.7%) were not enough to offset declines in Agri-Stability (-35.4%) and Agri-Invest (-16.8%) payments.
Note to readers
Some of the increase in wheat and barley receipts for the 2012/2013 crop year (August 2012 to July 2013) can be attributed to changes resulting from The Marketing Freedom for Grain Farmers Act. Under the provisions of this Act, Western producers have the ability to market their wheat and barley (destined for export or domestic human consumption) on the open market, receiving payment at the time of delivery, or, voluntarily through the former Canadian Wheat Board (CWB). Under the CWB pool system, producers receive a partial or an initial payment at the time of sale. As the marketing of the crop progresses, adjustment and final payments are made. This expansion of marketing options available to producers has resulted in a change in the timing of when some producers are being paid. As farm cash receipts are estimated on a cash basis, that is, when payment is received, this change has an impact on the data.
All data are in current dollars. Farm cash receipts measure gross revenue for farm businesses. They do not represent their bottom line, as farmers have to pay their expenses and loans and cover depreciation.
For details on farm income for 2012, see today's "Farm income" release.
Farm cash receipts data for the fourth quarter of 2013 and the first quarter of 2014 will be released in May 2014.
Coherence with Census of Agriculture
Every five years, following the Census of Agriculture, the methods and concepts used to estimate the farm income series are reviewed. Estimates for farm income integrate a wide variety of administrative and survey data from many diverse sources. Consequently, this review is used as an opportunity to improve data sources, coverage and estimation methods.
As a result of this review, revisions back to 2005 are now available and are reflected in the data in this release.
Table CANSIM table002-0001: Farm cash receipts, annual.
Table CANSIM table002-0002: Farm cash receipts, quarterly.
Table CANSIM table002-0003: Value per acre of farm land and buildings, at July 1.
Table CANSIM table002-0005: Farm operating expenses and depreciation charges, annual.
Table CANSIM table002-0007: Value of farm capital, at July 1.
Table CANSIM table002-0008: Farm debt outstanding, classified by lender, annual.
Table CANSIM table002-0009: Net farm income, annual.
Table CANSIM table002-0012: Farm income in kind, by item, annual.
Table CANSIM table003-0025: Value per head of livestock, at July 1.
Definitions, data sources and methods: survey numbers survey number3437, survey number3471, survey number3472 and survey number3473.
Additional data tables are available from the Summary tables module of our website.
The publication Direct Payments to Agriculture Producers: Agriculture Economic Statistics, Vol. 12, no. 1 (Catalogue number21-015-X), is now available online. From the Browse by key resource module of our website, under Publications, choose All subjects, then Agriculture.
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; email@example.com) or Media Relations (613-951-4636; firstname.lastname@example.org).
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