13°c A few clouds
19°c Variable cloudiness
Winnipeg Free Press - ONLINE EDITION
Manitoba farm cash receipts' growth below national average
Farm cash receipts in Manitoba grew at one of the slowest paces in the country over the first nine months of this year, according to Statistics Canada figures released today.
The agency said receipts rose by one per cent to $3.77 billion from $3.73 billion in the same period in 2011.
That was the second smallest increase among the nine provinces that posted nine-month gains. It was also well below the national average increase of 6.1 per cent — $38.4 billion versus $36.2 billion.
Farm cash receipts measure gross revenue for farm businesses from the sale of grain and livestock and from government support programs. They do not represent farmers’ bottom line, as they still have to pay their expenses for things like fertilizer and fuel, pay loans, and cover depreciation of their equipment.
Statistics Canada also released the preliminary farm net income numbers for 2011 today. They showed a 17.2 per cent drop in net income for Manitoba farmers last year — $499 million versus $603 million.
The agency said although cash receipts rose by 2.2 per cent in 2011, farm expenses grew at an even faster pace — 4.6 per cent.
Manitoba’s decline was in sharp contrast to what happened at the national level last year, where net income jumped by 53.1 per cent to $5.7 billion.
murray.mcneill@freepress.mb.ca
More Agriculture
- Back to Top
- Return to Agriculture
More Agriculture
(1 of 6 articles for this week)
Ottawa threatens 'retaliatory measures' over new U.S. meat labelling regulations
4:01 PM 0WASHINGTON - A Canada-U.S. trade war is apparently looming as Ottawa threatens "retaliatory measures" against the United States in a ...
Poll
Most Popular Agriculture
- Ottawa threatens 'retaliatory measures' over new U.S. meat labelling regulations
- Six hogs killed in semi crash in Manitoba; semi driver facing charges
- Brazilian ag manufacturer to set up shop in city
- Tougher food-safety rules in the works: Agriculture Minister Gerry Ritz
- Canadian Wheat Board lassos cowboy for ad after controversial cowgirl picture
- Monsanto wins Supreme Court fight over its genetically engineered soybeans
- ICE Futures Canada Wednesday: Canola futures prices higher, barley unchanged
- Viterra plans $20 million capacity upgrade at four Saskatchewan grain terminals
- Federal officials quarantine Nova Scotia apple orchard after rare pest detected
- PotashCorp cites confidence in cash flow, increases quarterly dividend 25%
- Ottawa threatens 'retaliatory measures' over new U.S. meat labelling regulations
- Tougher food-safety rules in the works: Agriculture Minister Gerry Ritz
- Federal officials quarantine Nova Scotia apple orchard after rare pest detected
- Monsanto wins Supreme Court fight over its genetically engineered soybeans
- Viterra plans $20 million capacity upgrade at four Saskatchewan grain terminals
- Canadian Wheat Board lassos cowboy for ad after controversial cowgirl picture
- Six hogs killed in semi crash in Manitoba; semi driver facing charges
- PotashCorp cites confidence in cash flow, increases quarterly dividend 25%
- Alliance Grain Traders reports best quarter since market soured in 2011
- ICE Futures Canada Friday: Canola futures prices higher, barley unchanged
- Grocers agree to eliminate pig gestation crates
- Canadian Wheat Board lassos cowboy for ad after controversial cowgirl picture
- Ottawa threatens 'retaliatory measures' over new U.S. meat labelling regulations
- Wheat, soybeans, corn in the forecast for Manitoba farmers
- PotashCorp backs off bigger stake in Israeli company and could end up exiting
- Tougher food-safety rules in the works: Agriculture Minister Gerry Ritz
- Monsanto wins Supreme Court fight over its genetically engineered soybeans
- Federal officials quarantine Nova Scotia apple orchard after rare pest detected
- Richardson completes elevator, crop centre acquisition from Viterra
- Viterra plans $20 million capacity upgrade at four Saskatchewan grain terminals
- PotashCorp cites confidence in cash flow, increases quarterly dividend 25%
- Ottawa threatens 'retaliatory measures' over new U.S. meat labelling regulations
- Viterra plans $20 million capacity upgrade at four Saskatchewan grain terminals
- Tougher food-safety rules in the works: Agriculture Minister Gerry Ritz
- Monsanto wins Supreme Court fight over its genetically engineered soybeans
- Idaho spud giant bets on biotech potatoes 12 years after similar Monsanto push failed
- PotashCorp cites confidence in cash flow, increases quarterly dividend 25%
- Ottawa threatens 'retaliatory measures' over new U.S. meat labelling regulations
- Grocers agree to eliminate pig gestation crates
- Viterra plans $20 million capacity upgrade at four Saskatchewan grain terminals
- Tougher food-safety rules in the works: Agriculture Minister Gerry Ritz
- Colabor Group shares plunge after first-quarter loss, sales down from year ago
- Monsanto wins Supreme Court fight over its genetically engineered soybeans
- PotashCorp backs off bigger stake in Israeli company and could end up exiting
- Ammonia leak at fertilizer plant capped; highway northeast of Regina reopened
- Farmers upset over flood compensation take to Manitoba legislature
- Idaho spud giant bets on biotech potatoes 12 years after similar Monsanto push failed
- PotashCorp cites confidence in cash flow, increases quarterly dividend 25%
Ads by Google
You can comment on most stories on winnipegfreepress.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.
Have Your Say
New to commenting? Check out our Frequently Asked Questions.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.