They include sales of crops and livestock products (except sales between farms in the same province) and program payments. Farm cash receipts measure the gross revenue of farm businesses. Preliminary estimates of net farm income for 2022 will be available in May 2023.Īll data in this release are in current dollars. The next quarterly release of Farm Cash Receipts will occur on February 28, 2023 and will include data for January to December 2022. Crop insurance accounted for over 80% of the increase, with Alberta and Saskatchewan accounting for 85.0% of crop insurance paid.Īs a result of the severe drought in the West in the summer of 2021, producers continue to make claims and, therefore, payments continue to be made. Total direct payments increased by $3.0 billion to $5.4 billion, the largest amount ever paid. Record crop insurance payments propel total direct payments increase Increases in both marketings and price pushed receipts for chickens for meat up $343.8 million to $2.8 billion. Dairy receipts rose $564.6 million to $6.1 billion on the strength of higher prices. Supply-managed receipts increased by 12.1% to $10.4 billion and accounted for just over 40% of total livestock receipts.

While receipts for slaughter (+$818.2 million) were mainly driven up by a 13.2% increase in price, international export receipts were up 42.6% as both the number of animals exported and price increased on strong US demand for beef and tight supplies in both the Canadian and US markets. Dairy and chickens for meat receipts were up by $564.6 million and $343.7 million, respectively.Ĭattle receipts, which account for a third of total livestock receipts, had increases in both slaughter and export receipts. The increase in cattle receipts (+$1.1 billion) contributed to more than 40% of the total increase in livestock receipts. Livestock receipts increased 11.6% to $24.7 billion during the first three quarters of 2022. Total livestock receipts increase on cattle, dairy and chicken receipts While prices remained high, marketings were low because of a poor production year and dwindling stocks.

In contrast, durum wheat dropped $386.2 million to $1.1 billion and barley dropped $143.4 million to $864.9 million. Soybeans had higher receipts as international demand for oilseeds continued to support the higher prices, and increased by $317.3 million to $1.6 billion.ĭespite lower prices, cannabis receipts were up $178.9 million to $2.5 billion because of higher marketings. Corn, which is mostly grown in the East, was insulated from the effects of the drought in the West and rose by $585.3 million to $2.2 billion. In the case of corn and soybeans, both had higher marketings and prices. These two crops represented 41.7% of crop receipts. Wheat (except durum wheat) rose $892.6 million to $6.5 billion, and canola rose $102.9 million to $8.8 billion. Strong prices more than offset lower marketings for both wheat (except durum wheat) and canola.

Strong international demand and tight domestic supplies pushed prices higher and resulted in most grains and oilseeds having positive receipts. Total crop receipts up because of mostly positive grains and oilseeds receiptsĬrop receipts for the first three quarters of 2022 were $36.6 billion, up 7.3% from the same period in 2021.

Receipts from 2021