Country 105

Country 105

Agriculture Report

Farm Income Drops

By Fadi Didi

New figures show realized net farm income dropped in Saskatchewan in 2016.


New figures show realized net farm income dropped in Saskatchewan in 2016.

Statistics Canada reports realized net farm income rose 7.6 per cent on a national basis last year.

Realized net farm income is the difference between cash receipts and operating expenses, minus depreciation, plus income in kind.

Realized net income grew in six provinces, including Alberta, Manitoba, Ontario and Quebec.

Saskatchewan was not on the list,due to the fact that farm cash receipts declined by 2.5 per cent in 2016.

A potato packaging operation in eastern P-E-I has received a loan of just over one-million dollars from the Atlantic Canada Opportunities Agency to expand its operations.

Rollo Bay Holdings, which has been growing potatoes for more than 70 years, will use the funding to upgrade its processing and packaging equipment.

The federal government says in a news release that the loan will allow the company to focus on higher value product development to reach new markets.

It adds the investment in new technology will create skilled positions for workers and allow the company to improve environmental standards by reducing its waste, water and energy use.


Canada and Germany have announced a plan to work together in agricultural research.

Agriculture Minister Lawrence MacAulay made the announcement Monday in Prince Edward Island with Christian Schmidt, the German federal minister for food and agriculture.

The research will be in areas such as sustainable agriculture and climate change, particularly in the areas of protecting soil and water, and breeding crops that are more resistant to the effects of climate change.

Other areas will include crop breeding for nutrition and health and reducing food waste and loss.


An Italian coffee giant has purchased majority ownership of B-C-based Kicking Horse Coffee for 215-million dollars.

The Lavazza Group acquired the 80 per cent equity stake in the organic and fair-trade coffee roaster from a private equity fund that has held the investment since 2012.

Kicking Horse co-founder Elana Rosenfeld will keep her remaining 20 per cent stake in the company and continue to serve as its C-E-O.

The coffee brand is sold in grocery stores, cafes and online in Canada and the U-S. 

Bayshore Broadcasting Corporation
© 2018 Bayshore Broadcasting Corporation

Web Site by Websmart Inc