FARM INCOMES SET TO FALL FROM RECORD HIGH
March 8, 2016
Reuters— Canadian farm incomes look set to fall in 2016 after a year of record profits, but will still reach above-average levels, according to a report from the federal government.
Rising receipts for crops and livestock have boosted incomes in recent years, due to greater demand in developing countries and a weak Canadian dollar, a report from Agriculture and Agri-Food Canada said Friday. Lower crude oil prices have also cut farmers’ expenses.
