Farm income, 2023 (revised data)

Realized net income for Canadian farmers rose 13.7% to $13.6 billion in 2023, as growth in receipts more than offset an increase in expenses. The gain in 2023 followed a 5.3% decline in 2022 and a 71.0% increase in 2021. Excluding cannabis, realized net income in 2023 was up 11.0% to $13.6 billion.

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