Realized net income for Canadian farmers fell 7.7% to $11.8 billion in 2022, as growth in expenses outpaced the rise in farm cash receipts. The decrease in 2022 followed a 69.6% gain in 2021 and a 101.6% increase in 2020. Excluding cannabis, realized net income in 2022 was down 5.9% to $11.8 billion.
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