Policy

The Farm Income Crisis in New Brunswick and the need for immediate action

In New Brunswick, the last five years have been the worst in history for farmers. But this province is not the only one experiencing record low farm incomes. The following graph is based on Statistics Canada data. It shows the drop in Canadian net farm incomes, from already low levels in the 1990s, to the record-low levels of the most recent five years. Note that while net incomes hit record lows, gross revenues hit record highs. Farmers are creating more wealth and handling more money, but it’s simply flowing through their hands and into the pockets of the corporate sector.

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