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 ...

Quick View
  • Crop Tech Corner In this week's Crop Tech Corner, a new, faster method of testing soybean cyst nematode samples is...
  • Profit Makeover When Curtis Schallert's 40-year-old stands of Kentucky-31 fescue petered out a few years ago, the...
  • UAVs Taking Flight in Ag The FAA this month began accelerating its exemption approvals for companies testing the skies wit...
  • Iowa's Field of Dreams Current Iowa land values are running about 16% below peak 2013 levels. That's according to a real...
  • Drought Recovery March auctions show cash rent shocks could mount in 2016.
  • Competing for Dollars Beef is far from a loser in the daily race for buyers at meat counters across the country. It's n...
  • CDC: No Human H5N2 Cases So Far So far, there are no reported cases of H5N2 in humans, but transmission of the highly contagious ...
  • Ask the Vet Can I cure my cow's uterine infection with an infusion?
Related News Stories
Ag Interest Rate Snapshot
Canada: New Train Safety Rules
Deere: You Own Your Tractor
UAVs Taking Flight in Ag
Minding Ag's Business
Minding Ag's Business
View From the Cab
Minding Ag's Business
Klinefelter: By the Numbers