Canadian farmers had another good year in 2022, despite much higher costs of production.
Nationally, farm cash receipts increased 14 per cent to $99.88 billion over 2021, according to Statistics Canada’s annual report.
Crop receipts increased 14.1 per cent to $53.96 billion while livestock receipts rose 12.2 per cent to $33.6 billion.
Saskatchewan total farm cash receipts were up 9.8 per cent to $21.03 billion with crop income up 10 per cent to $15.74 billion. Livestock income was up 9.6 per cent to $2.9 billion.
Direct program payments increased 23.5 per cent across Canada to $7.34 billion. Seven cents of every dollar in receipts came from these subsidies.
In Saskatchewan, direct program payments increased 10.8 per cent to $239.1 million. One of every nine dollar in receipts in Saskatchewan was from these programs.
Click here to see more...