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Table 2.10 Farm families, average total income, 2004 to 2008

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Table 2.10  Farm families, average total income, 2004 to 2008
  2004 2005 2006 2007 2008
  number
Farm families 130,970 130,090 124,560 121,170 116,930
  average per family ($)
Total income 78,252 82,500 87,200 93,703 100,031
Off-farm income1 61,666 65,169 69,960 75,223 78,475
Net operating income 16,586 17,332 17,240 18,480 21,555
Net program payments 12,064 14,505 13,005 9,736 7,023
Net market income 4,522 2,827 4,235 8,744 14,532
Adjustment for capital cost allowance (CCA)2 12,888 12,982 13,278 13,736 14,875
Net market income adjusted for CCA2 -8,366 -10,155 -9,044 -4,992 -342
Total income adjusted for CCA2 65,364 69,519 73,922 79,967 85,156
Note: The estimates cover farm families involved in a single unincorporated farm with gross operating revenues of $10,000 or more.
1. Excludes taxable capital gains.
2. The capital cost allowance obtained from the income tax returns does not correspond to the economic depreciation. Capital cost allowance represents the expense written off by the taxfiler as allowed by tax regulations.
Source: Statistics Canada, CANSIM table 002-0024.
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