Latest News

Brandon Sun - ONLINE EDITION

Manitoba farmers' gross income jumps 14.8 per cent

By: Staff Writer

Wednesday, May. 23, 2012 at 11:35 AM | Comments: 0

WINNIPEG FREE PRESS ARCHIVES Enlarge Image

WINNIPEG — Manitoba farmers saw a 14.8 per cent jump in gross income in the first quarter of this year, according to Statistics Canada figures released today.

The agency said Manitoba farmers reported cash receipts of $1.6 billion from the sales of crops and livestock and from government support program. That compared to farm cash receipts of $1.4 billion for the first quarter of 2011, which had been down 0.8 per cent from the same period in 2010.

Manitoba’s increase was the third largest in the country behind Alberta’s 28.3 per cent and Saskatchewan’s 25.4 per cent.

Nationally, StatsCan said every province except Prince Edward Island saw a rise in cash receipts during the quarter.

And Canada’s increase was even bigger than Manitoba’s — up 16.9 per cent to $14.4 billion from $12.3 billion in the first quarter of 2011.

It said Canada’s increase included a 25.2 per cent increase in crop receipts and a 9.1 per cent increase in livestock receipts. Those offset a 1.6 per cent decline in program payments.

Farm cash receipts measure gross revenues. They do not represent farmers’ bottom line, as they still have to deduct expenses for things like fuel, fertilizer, farm loans, and equipment depreciation.

murray.mcneill@freepress.mb.ca

Rate this
This article has not yet been rated.

We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

You can also register and/or login to the site and join the conversation by leaving a comment.

Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Comments

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Comment

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.