Crop and farm cash receipts up in first three quarters of 2021
LETHBRIDGE, AB. — With the majority of western farmers having to deal with higher-than-average temperatures, drought conditions throughout the growing season, and forest fires, it might be expected that the crop year was a disaster.
However, while the weather events are responsible for reduced crop yields and higher feed costs for all provinces, there was some positive news.
Over the first three quarters of 2021, farm cash receipts for Canadian farmers were up 11-per cent or $5.8 billion, to a total of $58.0 billion. Higher receipts for livestock and crops were driven primarily by increases in prices and high demand.
Direct payments remained unchanged, at $2.4 billion.