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Canadian Debt-To-Asset Ratio For Farms Lowest Since 1997

Equity in Canada's farm sector was up just over 11 per cent at the end of 2014.

Statistics Canada says farm equity was up in every province but 2 - Newfoundland and Labrador and Nova Scotia.

The value of total farm assets was up 10 point 4 per cent while liabilities were up 6 point 6 per cent.

Much of the increase in assets reflects the more than 13 per cent increase in the value of farmland and an almost 49 per cent increase in the value of livestock and poultry inventories.

Statscan says the overall Canadian debt-to-asset ratio for farms was 15 per cent in 2014 - the lowest it's been since 1997.

Here in Ontario, total assets were up about 14 billion dollars, liabilities were up about 1 billion and overall farm equity in the province was up by about 13 billion to 127.7 billion dollars.

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