Ontario lags in farm income Sunday, May 24, 2009 by BETTER FARMING STAFFDespite huge leaps in their operating expenses last year, Ontario’s farmers took home a tidy profit, according to figures released today from Statistics Canada.But with the country’s highest building depreciation expenses (the amount of money farmers must set aside to replace older buildings at current market prices) and third-highest machinery depreciation expenses for 2008, that extra cash may be needed for on-farm improvements.And so far this year, farm cash receipts for Ontario farmers don’t appear to be as lucrative as they are elsewhere in Canada: while nationally, receipts were up 7.5 per cent in the first quarter of 2009 compared to the same time last year, Ontario’s dropped 1.1 per cent.StatsCan attributes a 14.1 per cent increase in 2008 market receipts for Canadian farmers to strong prices for grains and oilseeds. The prices peaked in mid-2008 and have since fallen off. In the livestock sector there were increases in market receipts for cattle (2.4 per cent) and supply-managed commodities (5.7 per cent). Hog revenues dropped 2.9 per cent. In total, Canada’s farmers brought home $41.8 billion in market receipts.Total net income for Ontario’s farmers jumped to $262 million in 2008 from -$220 million in 2007; federally, it jumped to $6.1 billion from $1 billion in the same time period.Stephen Boyd, head of the agriculture division farm expenses unit at Statistics Canada, says Ontario had the highest operating expense level compared to other provinces in both 2007 and 2008 as well as the highest revenues. “This is because Ont. is the province with the largest number of farms,” he writes in an email. In 2006, Ontario had 57,211 farms; Alberta had the next highest number at 49,431. BF Wheat dust-up isolates director 'Aggregate trumps a lot of things'
Early Career Research Award supports two Guelph research initiatives Friday, July 4, 2025 The was presented to two University of Guelph researchers at the recently held Livestock Research Innovation Corporation (LRIC) symposium. Dr. Kelsey Spence received $40,000 towards her work in on-farm biosecurity research, and Dr. Sam Workenhe was awarded $60,000 to further his... Read this article online
Grape Growers 40th Annual Celebrity Luncheon has Dr. Hayley Wickenheiser Friday, July 4, 2025 The Grape Growers of Ontario’s marks the opening of the by showcasing Canadian personalities and celebrating the annual grape harvest. This year, in partnership with Meridian Credit Union, Ontario’s largest credit union and the third largest in Canada, the Grape Growers of Ontario... Read this article online
Ontario crops respond to summer heat Wednesday, July 2, 2025 According to the OMAFA Field Crop News team, Ontario field crops are showing rapid development as summer-like temperatures have dominated late June early July. The warm spell has accelerated growth and helped reduce the heat unit deficit from a cool spring. Corn fields have seen a burst... Read this article online
Canada’s Place in Global Food System Resilience Wednesday, July 2, 2025 Canada’s food system is facing serious pressure due to global supply chain issues, climate change, and rising food prices. According to a KPMG report, bold and united action is needed now to make Canada’s agriculture sector more resilient and self-reliant. With the global population... Read this article online
Calf Auction Raises Funds for Youth Monday, June 30, 2025 Wyatt Westman-Frijters from Milverton won a heifer calf named Ingrid through a World Milk Day promotion by Maplevue Farms and a local Perth, Ontario radio station. Instead of keeping the calf, 22-year-old Westman-Frijters chose to give back to the community. The calf was sent to the... Read this article online