Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Minnesota farmers had most profitable year since 2012, extension data confirm

 

March 31, 2021

David Joles • Star Tribune file photo

Minnesota farmers had their most profitable year in 2020 since 2012, a survey by the University of Minnesota Extension showed. File photo of a corn harvest near Northfield, Minn.

Minnesota farmers in 2020 had their most profitable year in nearly a decade due to good weather and aid designed to offset health and trade crises.

Median farm net income rose to $106,969 last year following seven years of low profitability, according to a report published Tuesday by the University of Minnesota Extension and the Minnesota State Agricultural Centers of Excellence.

The Minnesota farm-income report showed that 2020 produced surprising results after what looked last spring like another disappointing year.

https://www.startribune.com/minnesota-farmers-had-most-profitable-year-since-2012-extension-data-confirm/600040329/

 

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