It was the first decrease since 2006 and was the result of declining program payments, grain, cattle and hog receipts, and increases in depreciation charges.
Provincially, realized net income fell in Nova Scotia, Quebec, Ontario and Alberta. In all four, a drop in farm cash receipts exceeded declines in expenses.
Market receipts (revenues from the sale of crops and livestock) declined by 1.2% to $41.3 billion in 2009. A small increase in crop receipts was not sufficient to offset decreases in livestock receipts.
Livestock receipts fell 4.7% to $18.0 billion as the number of both cattle and hogs exported in 2009 declined by over 30% from 2008 levels.