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Realized net farm income amounted to $4.5 billion in 2010, an increase of $1.4 billion (+46.1%) from 2009 as the decline in operating costs outpaced a slight decrease in receipts. The increase in 2010 followed a 16.6% drop in 2009.
Farm cash receipts, which include crop and livestock revenues plus program payments, fell 0.2% to $44.4 billion in 2010, the second consecutive annual decline. Market receipts, which include only revenue from the sale of crops and livestock, increased 0.1% to $41.3 billion. A rise in livestock receipts barely offset declining crop receipts.
Livestock receipts increased 4.5% to $18.9 billion in the wake of higher hog and cattle prices. Hog receipts rose 15.4% on the strength of a 19.1% increase in prices. The average annual price in 2010 was $56.30 per hundredweight, the highest since 2005. Cattle and calf receipts rose 5.0%, again on price increases.
Farm cash receipts, which include crop and livestock revenues plus program payments, fell 0.2% to $44.4 billion in 2010, the second consecutive annual decline. Market receipts, which include only revenue from the sale of crops and livestock, increased 0.1% to $41.3 billion. A rise in livestock receipts barely offset declining crop receipts.
Livestock receipts increased 4.5% to $18.9 billion in the wake of higher hog and cattle prices. Hog receipts rose 15.4% on the strength of a 19.1% increase in prices. The average annual price in 2010 was $56.30 per hundredweight, the highest since 2005. Cattle and calf receipts rose 5.0%, again on price increases.
http://www.statcan.gc.ca/daily-quotidien/110525/dq110525a-eng.htm
