FARM BUSINESS NEWS
DTN Ag Business Benchmark
Marcia Zarley Taylor DTN Executive Editor
Thu Apr 3, 2014 10:31 AM CDT

HADDONFIELD, N.J. (DTN) -- Results of 2013 Minnesota farm incomes are in and, while median incomes crashed 78% compared to a year earlier, no one is predicting catastrophe just yet.

Overall, 2013 net farm income was $41,899 for the median farm enrolled in record systems with Minnesota State Colleges and Universities and University of Minnesota Extension. That's a stunning plunge from the $189,679 reported in 2012 and may represent the steepest correction in the system's record books, said Dale Nordquist, Extension economist at the University of Minnesota's Center for Farm Financial Management.

It's also the worst overall performance since the ...

Quick View
  • Betting on Shorter Beans Researchers at the University of Nebraska and Purdue University have pinpointed a gene that produ...
  • Farming on the Mother Road - 5 Chris Clayton has been continuing his trip looking at the state of agriculture along historic Rou...
  • Farmers Pivot Back After Storms The majority of center pivots damaged by severe weather earlier this summer in Nebraska are up an...
  • Pick Contingency Plans - 3 As crop prices and insurance coverage swoon, farmers may need to supplement incomes with federal ...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • AFBF Appeal The American Farm Bureau Federation asked a federal appeals court to reverse a lower court's Sept...
  • Pick Contingency Plans - 2 Commodity payments are largely capped at $125,000 per person. People must also report under $900,...
  • Ask the Vet What can I do to prevent the spread of facial warts in my herd?
Related News Stories
Woodbury: Farm Family Business
Klinefelter: By the Numbers
Ag Interest Rate Snapshot
Tyson to Sell Heinold Unit
US Farm Incomes Forecast to Fall
Minding Ag's Business
Minding Ag's Business
Rents Resist Price Relief
Minding Ag's Business