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Canadian farmers expect to plant more canola, barley, soybeans and grain corn in 2021, while areas seeded to wheat, oats, dry peas and lentils are anticipated to decrease compared with the previous year. During the March crop survey, parts of Western Canada were experiencing particularly dry conditions, with soil moisture estimated well below average levels across much of the Prairies.
Canadian farmers anticipate planting less wheat in 2021 compared with a year earlier, down 6.9 percent to 23.3 million acres. The decrease is largely expected in spring wheat, which is anticipated to fall 8.8 percent to 16.3 million acres while winter wheat is anticipated to fall 11.2 percent to 1.2 million acres. The area dedicated to wheat may decrease as farmers anticipate planting more oilseeds.
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2020 Canadian farm cash receipts rise
Statistics Canada released the 2020 farm cash receipts report, and despite all the logistical challenges last year total farm cash receipts hit another record high of $71.7 billion, with an eight percent year over year increase. This was after 2019 had a six percent increase from 2018. This is the 11th consecutive year that total farm cash receipts have grown. Over the past 10 years, total farm cash receipts have increased at an average rate of five percent.
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Crop receipts have increased at an average rate of seven percent, while livestock and livestock products have increased on average four percent. In 2020, total crop receipts accounted for most of the increase, up 14 percent to $41.9 billion. Total livestock and livestock products were down just under one percent to $26.4 billion. Direct payments to producers from
AG Report: Canadian Field crop outlook, Livestock Markets kenoraminerandnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kenoraminerandnews.com Daily Mail and Mail on Sunday newspapers.
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Farmland school tax rebate deadline approaching
Manitoba Agricultural and Resource Development is advising Manitoba landowners the deadline to apply for the Farmland School Tax Rebate (FSTR) is March 31. Manitoba Agricultural Services Corporation (MASC) administers the program on behalf of the department.
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Residents of Manitoba who own farmland, to which school taxes apply, are eligible to apply for a rebate of up to 80 per cent on paid 2020 farmland school taxes (excluding farm residences and buildings) with a $5,000 limit per taxpayer (including all related people).
Farm Report: Food prices climbing in 2021 kenoraminerandnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kenoraminerandnews.com Daily Mail and Mail on Sunday newspapers.