Farm cash receipts for Canadian farmers totalled $27.2 billion in the first quarter, up $3.7 billion (+15.9%) from the same quarter in 2022. Crop (+$4.5 billion) and livestock (+$796.2 million) receipts increased in the first quarter of 2023, while program payments fell by $1.5 billion compared with the same quarter a year earlier.
All of the provinces had increases in farm cash receipts, led by Saskatchewan (+$2.2 billion), Alberta (+$489.1 million) and Manitoba (+$430.4 million). More favourable weather conditions in 2022, following the drought of 2021, led to increased production and higher marketings in the first quarter of 2023.
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