On Air Now

Current Show

News & Views with Joel Heitkamp   8:30 AM - 11:00 AM

Call News & Views at 800-880-5346 or 701-237-5948

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 790 AM Fargo-Moorhead

Weather

Current Conditions(Fargo,ND 58103)

More Weather »
59° Feels Like: 59°
Wind: SSE 14 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Mostly Sunny 74°

Tonight

Cloudy 57°

Tomorrow

AM Clouds/PM Sun 77°

Alerts

Minnesota farm income drop sharply in 2013

MINNEAPOLIS (AP) -- A new report says Minnesota farm income dropped dramatically in 2013 largely because of lower corn prices.

An annual joint analysis by the Minnesota State Colleges and Universities and University of Minnesota Extension says net farm income was $41,899 for the median farm. That's down 78 percent from $189,679 in 2012.

While crop farm incomes plunged, the report finds livestock farms did not fare much better. Incomes for dairy, hog and beef farms also declined.

Extension economist Dale Nordquist says the drop is not a surprise. He says the question is how long lower profits will last.

The study uses data from over 2,000 participants in MnSCU farm business management education programs, 111 members of the Southwest Minnesota Farm Business Management Association and 41 participants who worked with private consultants.

Comments