Net farm income in Canada fell to $9.18 million in 2024 from $13.37 million in 2023, according to Statistics Canada. Net cash income dropped from $23.05 million in 2023 to $19.62 million in 2024. Operating expenses after rebates rose from $76.43 million to $78.46 million during the same period. Cash receipts totalled $99.48 million in 2024, up from $95.14 million in 2023, while depreciation charges increased to $10.33 million. The value of inventory change moved from a positive $712,018 in 2023 to a negative $180,050 in 2024. Net income, after all adjustments, fell to $5.96 million in 2024 compared to $13.37 million the year before. These figures are part of the annual table 32-10-0052-01 released on November 26, 2025.
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