At the Farm Business Management annual meeting in Crookston, Northland Farm Business Management instructor Ron Dvergsten discussed the varying income levels among Minnesota farmers. “A lot of it depends on land type, years of experience, and how you got started, but there’s also the general management of keeping expenditures down.” Dvergsten also highlighted the financial strain many farmers faced in 2024, particularly due to marketing mistakes. “Most of them would have to give themselves a C or lower for their marketing. A few of them probably should get an F.” Dvergsten pointed out that after years of high prices, many farmers misjudged the market, expecting prices to stay high, only to be caught with lower-than-expected returns.
