The Rural Voice, 1986-08, Page 32"NATURALLY PIGS
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30 THE RURAL VOICE
NEWS
LAND VALUES
DECLINE 7.4%
Statistics Canada released its
preliminary estimate of 1985 farm
income which includes estimates
for both farm receipts and ex-
penses. 1985 realized net farm in-
come was estimated at $3,908
million, down 10.6 per cent from
the revised record level in 1984 of
4,368 million. Total farm cash
receipts in 1985 declined 2.3 per
cent to $19,879 million due to
lower crop cash receipts which
declined 4.7 per cent to $9,382
million. Livestock cash receipts re-
mained virtually unchanged at
$9,770 million.
On the expense side, total farm
operating expenses increased less
than 1 per cent to $13,598 million.
Major items which increased in-
cluded wages (5.2 per cent)
petroleum, diesel and lubricants
(4.9 per cent), fertilizer and lime
(6.5 per cent), pesticides, seed and
other crop expenses (4.8 per cent)
and miscellaneous operating ex-
penses (6.3 per cent). Major items
which declined substantially to off-
set those items were interest on in-
debtedness (-7.0 per cent), feed
(-8.4 per cent), and other livestock
expenses (-5.4 per cent). Declining
machinery purchases and the in-
creased age of the machinery com-
ponent of the farm capital stock
caused machinery depreciation to
decline in 1985 by 2.4 per cent, to
$2,173 million, while building
depreciation declined 6.5 per cent
to $451 million. In total, farm
operating and depreciation charges
were flat in 1985 at 16,222 million.
Thus the decline in realized net
farm income was attached solely to
lower crop cash receipts.
The farm income outlook in
1986 continues to suggest further
declines of 2-3 per cent in crop
cash receipts despite record
stabilization pay -outs from the
Western Grain Stabilization pro-
gram. Livestock cash receipts
should hold their own as stronger
prices for cattle and hogs offset
fewer marketings, and higher
poultry marketings offset lower
farm prices.
On the expense side, interest on
indebtedness, feed, fertilizer and
lime, and petroleum, diesel, and
lubrication expenses should all ex-
perience substantial declines due to
weakness in the energy sector, fall-