Feb. 27, 2013 - Canola retains its spot as the top revenue-producing crop for Canadian farmers.
Farm gate receipts for canola deliveries in 2012 were $8.1 billion in Canada, according to estimates in Agriculture and Agri-Food Canada's Farm Income Forecast released today. That is 5.4 percent higher than the final Statistics Canada tally of $7.7 billion for canola in 2011.
Wheat generated $6.3 billion in farm gate receipts in 2012. AAFC forecast total farm cash receipts for all crops at a record $29 billion for 2012, a 12 percent increase over 2011. Total farm cash receipts for all livestock are estimated at $21.1 billion, a four percent increase over 2011.