Minnesota farmers had most profitable year since 2012, extension data confirm
March 31, 2021
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.