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Statscan: Canadian Farm Income Up In 2013

Statistics Canada has released some farm income figures for 2013.

The agency has both realized net income and total net income figures.

Realized net income is the difference between a farmer's cash receipts and operating expenses, minus depreciation, plus income in kind.

Statscan says that number went up 1 point 1 per cent in 2013 to 6 point 4 billion dollars.

Total net income adjusts the realized net income for changes in farmer-owned inventories of crops and livestock.

That number went up by 5 point 7 billion to 12 billion dollars in 2013.

Farm cash receipts were up 2 per cent last year, expenses up 1 point 8 per cent, and program payments were down over 20 per cent.

That reflects decreases in things like AgriStability, provincial stabilization and crop insurance payments.

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