(File photo by Advocate staff)

(File photo by Advocate staff)

Alberta farmers saw increase in crop revenue in 2020

Cattle revenue decreased

Revenue from crops increased, while revenue from cattle dropped in 2020, says ATB Financial.

Farm cash receipts in Alberta, increased by 3.1 per cent ($458.5 million) last year, after an increase of 11 per cent in 2019 ($1.5 billion).

Farm cash receipts include cash income received from the sale of agricultural commodities as well as direct program payments made to support or subsidize the agriculture sector.

Crop receipts increased by 7.6 per cent ($524.3 million) while livestock receipts decreased by four per cent ($280.2 million).

The drop in livestock revenue was largely due to a 5.8 per cent ($310.5 million) decline in cattle receipts. Statistics Canada notes that the decline in cattle receipts was the result of “reduced capacity at meat processing plants, especially during the early months of the pandemic.”

Wheat (including durum) crop revenue was up by 9.7 per cent ($200.1 million) last year. Canola revenue rose by 9.8 per cent ($238.4 million).

Cannabis, which represents about 7.6 per cent ($565.5 million) of total crop receipts, edged up just slightly by 0.4 per cent.

Although just 2.3 per cent ($170.7 million) of total crop receipts, lentils posted the largest annual increase at 138.7 per cent ($99.2 million).

Nationally, total farm cash receipts increased by 8.1 per cent ($5.3 billion) in 2020. Crop receipts rose by 14.2 per cent while livestock receipts fell by 0.8 per cent.

News tips

Like us on Facebook and follow us on Twitter