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Minnesota farms see improved profitability in 2020

Minnesota farms saw improved profitability in 2020, despite the challenges created by COVID-19. Increased profitability for all major farm types in Minnesota are attributed to: Favorable growing conditions Increased commodity prices Government payments These improved...

2019 FINBIN Report on MN Farm Finances

In our previous post, we discussed some of the financial highlights for Minnesota farms in 2019.  In this post, we want to highlight our more detailed report. The 2019 FINBIN Report on MN Farm Finances graphically shows how Minnesota farms performed in...

Minnesota farm incomes inch higher

Minnesota farmers continued to struggle with low profitability in 2019.  Median net farm income was up slightly from the previous year at $36,211, but was still historically low.  Each of the past five years has fallen in the bottom third of historical...

Minnesota Farm Income Hits Historic Low

After adjusting for inflation, Minnesota farms earned the lowest median farm income in the past 23 years of data tracked by University of Minnesota Extension and Agricultural Centers of Excellence within Minnesota State.   In 2018, the reported median net income was...