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Farm cash receipts down: Stats Can

Aug. 24, 2009 -Ottawa -Despite crop receipts and livestock receipts increasing during the first half of 2009, farm cash receipts, which include program payments, totaled $22.3 billion, a drop of 1.4 percent relative to 2008.

August 24, 2009  By Statistics Canada

August 24, 2009

Total farm cash receipts, which include crop and livestock revenues plus program payments, amounted to $22.3 billion in the first half of 2009, down 1.4 percent from the same period last year.

Market receipts for Canadian farmers from the sale of crops and livestock amounted to $20.8 billion during the first half of 2009, up 2.0 percent from the same period a year earlier.

Crop receipts increased 2.4 percent to $11.7 billion, while livestock receipts rose 1.6 percent to $9.1 billion.

In the crop sector, the increase was due mainly to strong sales, particularly for canola and wheat. Although prices have retreated somewhat from highs set in 2008, production and market demand have both been strong.

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