FARM BALANCE SHEET SHOWS EQUITY GROWTH – STATSCAN

FARM BALANCE SHEET SHOWS EQUITY GROWTH – STATSCAN

on June 24 | in Tek Talk | by | with No Comments

From Statistics Canada, the Daily

Equity in Canada’s farm sector totalled $452.0 billion on December 31, 2014, up $45.1 billion (+11.1%) from the same date a year earlier. Equity increased in every province except Newfoundland and Labrador and Nova Scotia.

The value of total farm assets rose by 10.4% to $531.5 billion in 2014, primarily as a result of continued gains in the value of farmland (+13.3%). Strong growth in the total value of livestock and poultry inventories also contributed (+48.7%), boosted by prices in the cattle sector.

Total farm liabilities increased by $5.0 billion (+6.6%) to $79.6 billion. The debt-to-asset ratio was 15.0% in 2014, the lowest recorded since 1997.

The balance sheet of the agricultural sector provides the value of farm assets used to produce agricultural products, the liabilities associated with these assets and the farm sector equity as of December 31 for Canada and the provinces.

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