Statistics Canada says farm incomes rose 31.7 per cent in 2012.
Photo Credit: Associated Press

Canadian farm incomes up again last year

Canadian farmers earned 31.7 per cent more in 2012 than they did the previous year, according to government statistics. That continued a trend that saw a gain of 56.3 per cent in 2011 and 16.9 per cent in 2010.

Canada is the fifth largest agricultural exporter in the world and is the largest producer and exporter of flax seed, canola, pulses and durum wheat, mostly grown on prairie lands in the western part of the country.

Farming has become more efficient and more profitable in Canada in the last 10 years, with new crops and better farming techniques.

That has made farmland more valuable and prices are increasing dramatically.

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