Figures Show Farm Cash Receipts Up in First Nine Months of 2007

CANADA - Figures released by Statistics Canada show market cash receipts for farmers climbed to a record high during the first nine months of this year, writes Bruce Cochrane.
calendar icon 29 November 2007
clock icon 3 minute read

Market cash receipts climbed to a record high from January to September 2007 in the wake of strong gains in revenues from the sale of crops and, while livestock receipts also rose, higher feed costs translated into higher input costs for producers.

Nationally receipts increased 9.9 percent.

Stats Can farm cash receipts analyst Estelle Perrault says higher grain and oilseed prices pushed up crop receipts by 26 percent from the same period one year earlier while livestock receipts rose by about four and a half percent.

Estelle Perrault-Statistics Canada

For the supply managed, dairy and chicken, both the prices and the quantity increased.

Prices were the main factor though.

The prices for dairy increased five percent and in the quantity marketed was up 1.7 percent.

For chicken the whole farm cash receipts were up 10.5 percent.

Again, as in dairy, it's mainly prices.

It was up 8.3 percent and the quantity marketed was also up 2.1.

For cattle and calf and hogs, receipts were up.

It was the number of live cattle and live pigs exported to the U.S. that contributed to this increase.

Prices were also up slightly but they're up from a low, so they're still low.

In Manitoba Market cash receipts increased by 22 percent while receipts where 13 percent higher in Saskatchewan and Alberta.

Receipts were up by about six percent in Ontario and Quebec, down in PEI and New Brunswick, flat in Nova Scotia and up by about 13 percent in Newfoundland.

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