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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...

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...

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...