Realized net farm income was down by 45.1 per cent on the year, the report noted.
Total farm assets increased by 4.4 per cent in 2018, to $623 billion, due largely to a 6.1 per cent increase in farmland values. However, the value of inventories declined by 3.2 per cent during the year which partially offset the farmland value increase.
Total liabilities in the farm sector rose by 8.7 per cent in 2018, hitting $100.8 billion, according to the report. The debt-to-asset ratio increased to 16.2 per cent, from 15.5 per cent in 2017, hitting its highest mark since 2011.
A Canadian farmer, Billy Bob, has a few things to say about financial matters
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