A new report says the Saskatchewan farm economy remains strong despite some economic issues — the details come from Regina-based Farm Credit Canada.
FCC chief economist J.P. Gervais says national farm debt rose 7.3-percent last year and livestock receipts dropped 3.2-percent.
But he says land and other farm assets continue to rise in value.
“Our debt-to-aspect ratio has been under the historical average,” said Gervais. “It’s still very healthy and in a strong position.”
Gervais believes farm income will remain strong, but likely won’t rise at the same pace as the past ten years.
He says farmers continue to enjoy low interest charges.