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Is Manitoba good for agriculture?

Manitoba produces a wide variety of food products ranging from potato products to meat, grain and oilseed products - including primary and secondary processing. Major food processors in Manitoba include: Meat products (Maple Leaf Foods, Hylife Foods, True North Foods, Exceldor Cooperative, and Sunrise Farms)

What is the average net income of a farm?

Interest expenses and livestock/poultry purchases are expected to see the largest increases in 2023 relative to 2022. Average net cash farm income for farm businesses is forecast to decrease 8.6 percent from 2022 to $99,300 per farm in 2023 (in nominal terms).

What is the average farm income in Manitoba?

Farm income. The average net operating revenue for all Manitoba farms were $84,262. For every dollar in sales, farms on average incurred 86 cents in operating expenses in 2021 for an expense-to-receipt ratio of 0.86, up from 0.81 in 2016.

What is the average profit for a farmer?

Average net cash farm income (NCFI) for farm businesses* is forecast at $99,300 for the calendar year 2023, down 8.6 percent from 2022 in nominal terms.

How much money does the average Canadian farmer make each year?

However, average farm family income is forecasted to have increased 6.9% in 2022 to $232,000. Average net worth is also forecasted to have increased by 3.3%, to $3.8 million per farm in 2022.

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