Average net operating income of dairy farms in Canada 2013-2018

The average net income of dairy farms in Canada amounted to approximately 172,190 Canadian dollars in 2018. Although this figure decreased slightly since 2017, there is a long-term upward trend in dairy farm net income, with an increase of around 35,000 Canadian dollars on average since 2013.

What is net income?

According to U.S. agricultural policy, net farm income is the sum of money or value of goods which farm owners receive after all production expenditures have been paid. Net income can include monetary gains from farm production, as well as income from renting farm dwellings and the value of goods consumed on the farm.

Canadian dairy trade

Canada is a big player in the global trade of dairy products. In 2017, over 440 million U.S. dollars’ worth of dairy and eggs were exported from Canada to the rest of the world. The United States was their biggest trading partner in that year, receiving around 206 million U.S. dollars’ worth of goods. Canada imports an even larger sum of dairy goods from the United States. In 2017, they received approximately 325 million U.S. dollars of dairy products.

Average net operating income of dairy farms in Canada from 2013 to 2018 (in 1,000 Canadian dollars)*

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Sources

Release date

March 2018

Region

Canada

Survey time period

2013 to 2018

Supplementary notes

* Forecasted figures from 2017 to 2018.
Figures have been rounded.
Data from 2013 to 2015 is taken from previous reports.

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Statistics on "Dairy industry in Canada"

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