Record farm income in Sask.

Saskatchewan’s realized net farm income has been at an all time high for the past two years. In 2009, it was $1.6 billion and the latest estimate for 2010 is more than $1.7 billion. There are those who point out that adjusted for inflation, the highest net farm income was back in the early 70s when there were two years at over a billion dollars. That’s certainly true, but 2009 and 2010 are the highest in nominal terms. What’s more, we’ve eclipsed the net farm income of all the other provinces. Manitoba has been reasonable at $550 and then $400 million dollars. But Alberta has been particularly low at $264 million in 2009 and a mere $64 million in 2010. For 2011, Statistics Canada is calling for Alberta to improve to around $250 million based on stronger cattle and hog returns. Manitoba’s realized net farm income is expected to decline to $126 million. Here in Saskatchewan, a big drop is expected, down to $592 million, due mainly to lower program payments and an expected rise in operating expenses. If the projections are correct, Quebec will take over as the province with the highest realized net farm income for 2011.

I’m Kevin Hursh.

DynAgra, an independent Western Canada-based Company, is dedicated to providing growers with the tools to manage the risk and maximize the profitability of their farm business through the continued innovation of agricultural products and services. We are committed to developing and providing growers with the latest in precision agronomics, variable rate technology, soil fertility, crop protection, fertilizers, custom application and financial solutions.