Minnesota farm incomes take a hit

Farmers hauled in a record amount of corn and other crops last year, but declining prices hurt the pocketbook, with average farm incomes hitting a 20-year low in inflation-adjusted dollars.

It was a tough year for both crop farms and livestock producers, according to a report released Thursday by Minnesota State Colleges and Universities and University of Minnesota Extension.

Overall, median net farm income was $27,078 in 2015, down 37 percent from 2014.

http://www.startribune.com/minnesota-farm-incomes-take-a-hit/374190151/