novascotia.ca - Nova Scotia Canada - Government of Nova Scotia

For additional information relating to this article, please contact:

Thomas Storring	Director – Economics and Statistics
Tel: 902-424-2410	Email: Thomas.Storring@novascotia.ca

May 25, 2016
FARM INCOME, 2015

Statistics Canada has released annual results for farm incomes in Canada.  Net farm income in Canada was $6.76 billion on farm cash receipts of $59.4 billion.  Canadian net farm cash income (before depreciation, in-kind income and inventory valuation change) was $15.0 billion.  Canadian farm cash receipts were up by 2.7 per cent while operating expenses (after rebates) rose by 1.2 per cent.

In Nova Scotia, farms reported net income of $5.6 million on cash receipts of $580.9 million.  Nova Scotia farm net cash income was $71.9 million.  Nova Scotia farm cash receipts grew by 1.4 per cent while operating expenses (after rebates) rose by 2.0 per cent.  

Nova Scotia farm net incomes amounted to 1.0 per cent of farm cash receipts in 2015, down from 1.6 per cent in 2014.  National average net farm income was 11.4 per cent of farm cash receipts in 2015, up from 8.1 per cent in 2014.  The highest net farm income as a share of farm cash receipts was reported in Saskatchewan at 20.5 per cent.  

Farm Income, 2015