Farm cash receipts measure the cash paid to farmers for the sale of their agricultural products and from direct program payments to producers. Farm cash receipts signal the agricultural sector’s contribution to the gross domestic product and showcase the purchasing power of farmers in Nova Scotia.
- Total farm cash receipts and direct payments have increased by roughly 21% since 2010 (2.1% annual growth)
- Livestock receipts decreased by roughly 2% since 2010, while crops receipts increased by roughly 88% over the same period
- Livestock receipts account for roughly 58% of the total contribution to agriculture’s farm cash receipts
- Operating expenses after rebates and depreciation charges have increased by 35% since 2010
- Depreciation charges have increased by 32% since 2010
- Operating Expenses are outpacing Farm Cash Receipts