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Minnesota farm incomes decline again in 2024

Summary by AgUpdate
Crop producers experienced the greatest financial difficulties in 2024, with median net farm income for this group nearly at zero.

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Minnesota farm incomes decline again in 2024

Crop producers experienced the greatest financial difficulties in 2024, with median net farm income for this group nearly at zero.

·Cherokee County, United States
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morningagclips.commorningagclips.com

Minnesota Farm Incomes Decline Again in 2024

MINNEAPOLIS-ST. PAUL, Minn. — Minnesota farmers faced another challenging year in 2024, with net farm income continuing to decline. Falling crop prices coupled with below-trendline crop yields resulted in low incomes, especially for crop producers. As a result, many crop producers are bracing for an economic storm as they plan for the 2025 crop year.  According to new data from the University of Minnesota and Minnesota State, the median net farm…

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morningagclips.com broke the news in on Thursday, April 3, 2025.
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