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Canadian Farm Receipts Tumble
OTTAWA - May 27/04 - SNS -- Declining cattle incomes offset much of the advances recorded by the grains sector, with the result total farm cash receipts during the first quarter of the 2004 calendar year were down 2.6% at CDN 8.9 billion.
Statistics Canada said despite the overall drop, total cash receipts for January to March 2004 were 3.5% above the previous five-year average between 1999 and 2003.
The largest percentage decline in cash receipts occurred in Prince Edward Island (-19.9%) largely because of a drop in both price and marketings of potatoes. This was followed by Saskatchewan (-10.0%), where both program payments and cattle receipts fell.
The largest percentage gain was in Nova Scotia (+9.4%) where livestock receipts and program payments recorded an increase.
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