Statistics Canada
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More ‘million-dollar’ farms
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Canada had 5,902 ‘million-dollar’ farms in 2006—farms with gross receipts from the sale of products totalling $1 million or more (at 2005 constant prices). The 2001 Census of Agriculture counted 4,453 such farms.
Million-dollar farms made up less than 3% of the 229,373 farms counted in the 2006 Census, but accounted for nearly 40% of total farm receipts.
Hog farms comprised less than 3% of all farm operations in Canada, but nearly 18% of them were million-dollar operations—the highest proportion of any farm type.
Conversely, field crops is Canada’s most common farm type. This type of farm accounts for nearly 40% of all farms. in 2006, but less than 2% of them were million-dollar operations.
Most million-dollar farms seem profitable: in 2006, 86% of them reported earning enough in farm receipts to cover expenses, compared with 56% of all farms.
