NEWS
Minding Ag's Business
Marcia Zarley Taylor DTN Executive Editor
Wed Apr 17, 2013 05:27 PM CDT

Affluenza struck most grain farms again in 2012, catapulting the average 883-acre Southwest Minnesota farmer to about $375,000 income levels for the first time in history, up 38% above 2011's record, according to a new report from the SW Minnesota Farm Business Management Association. Minnesotans largely sidestepped the drought last season, besting their 10-year yield history. They were able to capture an average of $6.27/bu. on their entire corn crop and $13.07 on soybeans, so crop insurance played little role in padding these returns. But these are only averages. The top 20% earned net farm incomes of about $895,000 last ...

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