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2007 Farm Cash Receipts Decline for Canadian Hog Producers

by 5m Editor
27 February 2008, at 10:01am

CANADA - Figures released by Statistics Canada show, while market cash receipts for Canadian farmers hit a record high last year, hog producers lost ground, writes Bruce Cochrane.

Market cash receipts for Canadian farmers hit a record high of CAN$40.4 billion in 2007, boosted primarily by a surge in grain and oilseed prices.

Although producers in the supply managed dairy, poultry and egg sectors received higher revenues, cattle and hog farmers were squeezed by a combination of lower prices, higher feed costs, and the higher Canadian dollar.

Bernie Rosien, a statistical analyst with the agriculture division of Statistics Canada, says the number of hogs marketed across Canada increased slightly but revenues declined.

Clip-Bernie Rosien-Statistics Canada

As far as hogs were concerned at the Canada level marketings were up by one percent but that was offset by a decrease of 3.5 percent at the national level for the price.

That was generally the case throughout the country where prices were down in every province.

As far as prices were concerned, they were down three to five per cent.

In Ontario and Quebec, in Quebec you had farm cash receipts on hogs just up slightly, in Ontario they were down three percent, Manitoba down 1.8, Saskatchewan down two percent and Alberta down 6.8 per cent.

Marketings, Quebec saw an increase, Ontario and Manitoba saw increases of two, three percent where as Saskatchewan, Alberta saw decreases of almost three percent
.

Rosien notes cattle exports were up substantially as the effects of the BSE crisis declined and hog exports were also higher which did help improve the situation.

5m Editor