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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
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COLORADO HIGHLIGHTS:
As of March 1, Colorado growers intend to plant 1.28 million acres of corn for all purposes in 2021, down 140,000 acres, or 10 percent from last year’s plantings, according to the March 1st Agricultural Survey conducted by the Mountain Regional Field Office of the National Agricultural Statistics Service, USDA.
Sorghum planting intentions total 410,000 acres, up 40,000 acres from last year. Growers intend to plant 49,000 acres of barley in 2021, down 4,000 acres from last year’s actual plantings.
Winter wheat seeded last fall for harvest in 2021 is estimated at 2.05 million acres, up 150,000 acres from the 2020 crop.
Hay producers in the state intend to harvest 1.33 million acres this year. This is down 50,000 acres from the acreage cut for hay in 2020.
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