Net Farm Income

Farm income in kind of farm, value

Farm income in kind refers to the value of agricultural commodities produced on farms and consumed by the farm operators and their families. The home-consumed products are valued at prevailing market prices such that income in kind represents the receipts producers would have received had the product been sold rather than consumed. Agricultural products that are used as inputs in the production of other agricultural products, such as grain fed to livestock, are not considered as income in kind because they form part of the value of the final product.

Farm refers to an agricultural operation that produces at least one of the following products intended for sale: crops (hay, field crops, tree fruits or nuts, berries or grapes, vegetables, seed); livestock (cattle, pigs, sheep, horses, game animals, other livestock); poultry (hens, chickens, turkeys, chicks, game birds, other poultry); animal products (milk or cream, eggs, wool, furs, meat); or other agricultural products (Christmas trees, greenhouse or nursery products, mushrooms, sod, honey, maple products).

The data for this variable are reported using the following measurements:

  • Canadian dollar at current prices
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