AAFC Forecasts Prosperous Future
Written by Kelvin Heppner
Tuesday, 21 February 2012
Agriculture and Agri-Food Canada released two reports yesterday projecting a
prosperous future for Canadian farmers.
According to the Farm Income Forecast for 2011 and 2012, the average net
operating income for farms in 2011 is expected to reach a record level of of
just over $65,000. Farm incomes are expected to remain strong, but drop slightly
The Medium Term Outlook for the next ten years is characterized by
high grain and oilseed prices, compared with the pre-2006 period. Modest
improvements are also expected for the red-meat industry.