By Kevin Hursh

How does your farm measure up?

Mar 15, 2011 | 6:54 AM

for paNOW

Statistics Canada has released a pile of data and estimates related to agriculture. Not surprisingly, the stats show that large farms are accounting for an increasing share of production.

In 2008, 65 per cent of farms were in the small category with gross revenues of less than $100,000 a year. Fifteen percent of farms were considered medium sized with annual gross revenues between $100,000 and $250,000. The $250,000 to $500,000 category had 10 per cent of the nation’s farms.

Only six per cent of farms were in the half million to one million category, while just 4 per cent of farms had a gross revenue of over a million dollars. While relatively few in number, million dollar plus farms accounted for half of the total operating revenue.

Another interesting measure is net worth. In 2008, the average net worth of Canadian farms was $1.3 million. The average in Saskatchewan, although increasing rapidly, is lower at about $1 million.

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