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Minnesota farmers saw income drop 76% last year from plunging commodity prices

The annual survey from the University of Minnesota Extension and Minnesota State comprised a broad swath of more than 2,000 farmers but focused primarily on production-agriculture players.

Report: 2023 Net Farm Income Drops to 8%

The University of Minnesota’s Center for Farm Financial Management reports the average Minnesota farmer made just over $44,000 in 2023, a 76% drop from 2022’s record net income.

Report: 2023 Net Farm Income Drops to 8%

The University of Minnesota’s Center for Farm Financial Management reports the average Minnesota farmer made just over $44,000 in 2023, a 76% drop from 2022’s record net income.

Report: 2023 Net Farm Income Drops to 8%

The University of Minnesota’s Center for Farm Financial Management reports the average Minnesota farmer made just over $44,000 in 2023, a 76% drop from 2022’s record net income.

Minnesota farmers saw income drop 76% last year from plunging commodity prices

The annual survey from the University of Minnesota Extension and Minnesota State comprised a broad swath of more than 2,000 farmers but focused primarily on production-agriculture players.

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