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Balance sheet of the agricultural sector, December 31, 2014 (revised)

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Released: 2016-01-19

Farm sector equity

$445.2 billion

December 31, 2014

9.2% 

(period-to-period change)

Equity in Canada's farm sector reached $445.2 billion on December 31, 2014, up $37.7 billion (+9.2%) from the same date a year earlier. Equity increased in every province except Newfoundland and Labrador and Nova Scotia.

The value of total farm assets rose by 8.9% to $524.8 billion in 2014, primarily as a result of continued gains in the value of farmland (+10.6%). Strong growth in the total value of livestock and poultry inventories (+49.2%) also contributed, boosted by rising prices in the cattle sector throughout 2014.

Moderating the increase in farm assets in 2014 was a $2.2 billion decrease in the value of crop inventories, as prices softened and production returned to more normal levels after the bumper crop of 2013.

The value of total farm liabilities increased by $5.0 billion to $79.7 billion. The debt-to-asset ratio was 15.2% in 2014, the lowest recorded since 1997.

  Note to readers

The balance sheet of the agricultural sector provides the value of farm assets used to produce agricultural products, the liabilities associated with these assets and the farm sector equity as of December 31 for Canada and the provinces.

Assets and liabilities in the agriculture sector's balance sheet include those of farm businesses and non-operator landlords (for farm real estate assets leased to farm operators and the corresponding liabilities) and exclude the personal portion of farm households. This most closely reflects the assets and liabilities used in the production of agricultural products.

The balance sheet of the agricultural sector integrates data already produced by Statistics Canada, such as farm debt, value of farm capital, livestock and crop estimates, farm product prices and selected data from the Farm Financial Survey. These data are subject to revision.

Contact information

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; STATCAN.infostats-infostats.STATCAN@canada.ca) or Media Relations (613-951-4636; STATCAN.mediahotline-ligneinfomedias.STATCAN@canada.ca).

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