Farm land, Ontario Canada

2016 Census Of Agriculture: Farmers Are Adapting To Evolving Markets

on July 19 | in Ag News | by | with No Comments

From Statistics Canada

Canadian agricultural operations incurred an average of 83 cents in operating expenses per dollar in gross farm receipts in 2015. This amount was unchanged from 2010.

When eliminating the impact of price change, gross farm receipts totalled $69.4 billion in 2015, up 4.7% from 2010 (in 2015 constant dollars), with larger revenue farms responsible for most of the increase.

Oilseed and grain type farms continued to grow in importance, accounting for the largest share (37.8%) of total receipts in 2015.

Total operating expenses were up 6.6% from 2010 (in 2015 constant dollars) to $57.5 billion in 2015.

The total value of capital owned or rented by Canadian farms rose 36.8% from 2011 (in 2016 constant dollars) to $509.7 billion in 2016—mainly driven by the increased value of land and buildings.

The analytical document “Farmers are adapting to evolving markets” is now available. This article is from an analytical series based on 2016 Census of Agriculture data.

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