Small farms in Canada are trending:
- Small farms now account for over half of all farms in Canada (there were 189,874 farms in Canada as of the 2021 Agriculture census).
- Now small farm owners are more often wealthier than their counterparts on medium or large farms. Lower financial leverage is a factor.
- A decline in overall farm numbers overshadows growth in small farms, particularly for lifestyle (including pensioned farm owners).
- Lifestyle farmers in Canada have an average annual income of $96,000.
- Small farms contribute significantly to the Canadian economy, spending over $3 billion annually to operate their farms.
Happy Canada Day!
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