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Free Content A Comparison of Farm Incomes and Wealth in Canada

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The five major agricultural producing provinces are compared in terms of farm labour and management incomes, return on investment to farm capital, total farm family income, and farm family net worth. In each province, comparisons are made with non-farm incomes, investment returns and net worth levels. The results show that farm family incomes in Canada are much better today than 30 years ago, returns on farmland investment are very comparable to average stock market returns, and average farm family net worth is significantly higher than the average for all families. The conclusion is that Canadian farmers are not in need of more government subsidies but rather need help in managing risk and smoothing out their farm incomes over time.

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Keywords: FARM FAMILY INCOME; FARM FAMILY NET WORTH; FARM LABOUR AND MANAGEMENT INCOME; OFF-FARM EMPLOYMENT; REAL COMMODITY PRICES; RETURN ON INVESTED FARM CAPITAL

Document Type: Research Article

Publication date: 2005-07-01

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