FARM BUSINESS NEWS
Marcia Zarley Taylor DTN Executive Editor
Thu Apr 3, 2014 06:44 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 ...

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