Government of Nova Scotia, Canada
Header - Service Directory

Use the Services Directory to quickly access information on all of the services provided by the NS Department of Finance.

Home > Economics and Statistics > Archived Daily Stats > Selected Archived Daily Stats Article
The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.

<--- Return to Archive

For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

November 26, 2019
FARM INCOME, 2018 [REVISED]

Statistics Canada has released revised results for annual farm incomes in Canada in 2018. The following article has been revised.

Net farm income in Canada was $3.6 billion on farm cash receipts of $62.4 billion.  Canadian farm cash receipts were up by 0.3 per cent while operating expenses (after rebates) grew by 6.2 per cent.  Canadian net farm income was $8.3 billion in 2017.

In Nova Scotia, farms reported net loss of $40.0 million on cash receipts of $573 million.  Nova Scotia farm cash receipts were up 1.1 per cent per cent while operating expenses (after rebates) rose by 5.3 per cent.  Nova Scotia's net farm income was a loss of $16.5 million in 2017.  

Nova Scotia farm net incomes amounted to -7.0 per cent (loss) of farm cash receipts in 2018, widening from a loss of 2.9 per cent of farm cash receipts in 2017. National average net farm income was 5.8 per cent of farm cash receipts in 2018, down from 13.4 per cent in 2017.  The highest net farm income as a share of farm cash receipts was reported in Saskatchewan at 12.7 per cent.  

The composition of farm cash receipts is different in Nova Scotia from the national average.  Across the country, grains (wheat, oats, barley, rye, flaxseed) make up the largest farm cash receipts, followed by cattle and calves.  In Nova Scotia, dairy products, fruits and vegetables make up the largest cash receipts (though poultry and hogs are not reported individually and may appear in other livestock).  

The largest growth in Canadian farm cash receipts in 2018 came from cannabis, corn, grains, vegetables and poultry.  These were offset by notable declines in lentils, peas, hogs and maple products.  In Nova Scotia, the largest gains in farm cash receipts were reported in furs with smaller gains in other livestock (including poultry and hogs), cattle, eggs, soybeans and corn.  Nova Scotia's farm cash receipts were notably down for vegetables, blueberries, apples and strawberries. 

Source: Statistics Canada.  Table  32-10-0052-01   Net farm income (x 1,000)Table  32-10-0045-01   Farm cash receipts, annual (x 1,000)



<--- Return to Archive