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For additional information relating to this article, please contact:

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

May 26, 2020
FARM CASH RECEIPTS, Q1 2020

Statistics Canada has released results for quarterly farm cash receipts. 

 

Compared with Q1 2019, national farm cash receipts were up 5.5 per cent, rising to $16.9 billion in Q1 2020.  Nova Scotia's farm cash receipts increased 8.7 per cent from Q1 2019, increasing to $131 million in Q1 2020.  Year-over-year farm cash receipts grew more rapidly in New Brunswick, British Columbia, Ontario and Quebec.

 

The largest growth in Canadian farm cash receipts in between Q1 2019 and Q1 2020 came from cannabis, hogs, dairy (unprocessed), and lentils/peas/beans.  There was also a rise in insurance/stability/support payments to farms. Farm cash receipts at the national level were notably down in grains, corn and cattle/calves.

In Nova Scotia, the largest gains in farm cash receipts were reported in other crops (which may include cannabis, as it is not reported separately for Nova Scotia).  There were smaller gains reported in unprocessed dairy and other livestock (may include poultry, which is not reported separately).  Nova Scotia's farm cash receipts were notably down for furs and cattle/calves.  Agricultural insurance/stability/support payments were down in Nova Scotia between Q1 2019 and Q1 2020.  

Source: Statistics Canada.  Table  32-10-0046-01   Farm cash receipts, quarterly (x 1,000)



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