In 2021, agricultural operations reported $642,681 in operating revenues on average, up 13.1% from 2020. Average operating expenses increased by 7.6% to $506,082. As a result, average net operating income increased by 39.3% and reached $136,599 in 2021.
Crop revenues accounted for 47.8% of all operating revenues earned by Canadian farms in 2021, while livestock revenues accounted for 38.7%. The remaining revenues came from program payments, insurance proceeds, as well as from other revenues, such as custom work and machine rental.
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