Farm Financial Survey, 2017
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Released: 2019-02-15
Information from the Farm Financial Survey for 2017 is now available. The Farm Financial Survey provides data on average farm assets, liabilities, capital investments, capital sales, revenues, and expenses.
Chart 1
Average net worth, by farm type, Canada
Average net worth per farm in Canada rose 2.1% from 2015 to $2.9 million in 2017. Over the same period, average farm assets grew 4.4% to $3.6 million, while average liabilities increased 14.9% to $693,778. Dairy farms reported the largest increase in average net worth per farm at 13.5%, followed by potato (+10.6%) and hog and pig (+8.8%) farms. Poultry and egg farms had the highest average net worth per farm in 2017 at $6.0 million, followed by potato ($5.1 million) and dairy cattle and milk production ($4.3 million) farms.
Average capital investment per farm in Canada fell 6.0% from 2015 to $125,852 in 2017. However, the largest investment category, farm machinery and equipment, increased 14.6% to $65,370 over the same period.
Average gross farm revenue declined by 3.2% compared with 2015, while average operating expenses were down 4.4%. As a result, average net farm income in Canada rose 2.9% to $100,966 in 2017.
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