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Canadian Farmers' Percentage Equity Increase In 2015 Smallest In 6 Years

Equity in Canada's farm sector was up almost 6 per cent at the end of last year from the year before.

However, Statistics Canada points out that's the smallest percentage increase since 2009.

The value of total farm assets was up just over 6 per cent.

Most of that was an over 9 per cent increase in the value of farmland, which represents close to 70 per cent of total farm assets.

Statscan says the value of livestock and poultry inventories was down over 7 per cent while crop inventory values were down just over 2 per cent.

The value of total farm liabilities at the end of 2015 was almost 87 billion dollars, up just under 9 per cent from 2014.

The debt-to-asset ratio, which measures the dependence of Canadian farm business on debt, was 15 point 5 per cent last year.

That's up slightly from 2014 but below the five year average of just under 16 per cent.

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