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In challenging 2021, Minnesota farmers’ bottom line improves

Minnesota farms saw continued financial improvement in 2021, despite the drought conditions that affected much of the state during the production year. Crop yields were near trendline even with the difficult growing conditions. With strong prices throughout the year...

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...

In unpredictable 2020, Minnesota farmers’ bottom line improves

Minnesota farms saw improved profitability in 2020, despite the challenges COVID-19 created. Much of this increased profitability is related to improved commodity prices in the third and fourth quarters of 2020. Median net farm income for Minnesota farms reached...