Farm income, 2023

Realized net income for Canadian farmers rose 18.3% to $14.5 billion in 2023, as growth in receipts offset the rise in expenses. The increase in 2023 followed a 4.1% decline in 2022 and a 69.6% increase in 2021. Excluding cannabis, realized net income in 2023 was up 16.2% to $14.2 billion.

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