Statistics Canada is reporting that realized net farm income rose 7.6% in 2016 to $8.8 billion.
This marks the third consecutive year and the sixth time in seven years that realized net farm income has increased.
Realized net income is the difference between a farmer's cash receipts and operating expenses, minus depreciation, plus income in kind.
Slightly lower operating expenses together with a small increase in farm cash receipts contributed to the gain in 2016.
Manitoba showed an increase of about 38% last year.
Source : Steinbachonline