FARM BUSINESS NEWS
Minding Ag's Business
Marcia Zarley Taylor DTN Executive Editor
Wed Apr 2, 2014 03:52 PM CDT



Results of 2013 farm incomes for one of the Midwest's top corn states are in: While median incomes crashed 78% in Minnesotacompared 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 that Minnesota State Colleges and Universities and University of Minnesota Extension compile. 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 ...

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