National Ag News
Net farm incomes fall again in Minnesota
Mar 27, 2018, 17:30 PM
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Admin B
Most Minnesota farms saw lower earnings in 2017.
In its annual analysis, the University of Minnesota calculates median farm income at $28,500 dollars, down from about $36,000 a year earlier.
Minnesota Extension economist Dale Nordquist says working capital is slowly eroding.
“When you have so many years in a row where you’re just kind of treading water, and there’s capital demands on these farms. They need to be replacing their equipment and repaying their debts obviously, so it is a slow bleed.”
He tells Brownfield corn and soybean operations led the way down for Minnesota farm incomes in 2017.
Continue reading Net farm incomes fall again in Minnesota at Brownfield Ag News.
