Articles tagged under: net farm income
Management Credited for MN Net Income Results
Published March 25, 2022
According to the Minnesota State Farm Business Management annual report, state farmers experienced the highest net farm income in 2021 than in the past seven years. "If we were to reflect back 12 months, we were worried about the high…Government Support for Agriculture to Decline in ’21
Published July 26, 2021
USDA’s Economic Research Service is estimating U.S. farmers received nearly $58 billion in federal assistance this past year. From that total, more than 60 percent came from the various COVID-19 relief programs. USDA is forecasting net farm income to decline…Minnesota’s Farm Business Management Program Completes ’20 Report
Published April 5, 2021
Nearly 2,300 farms are represented in the database. These farms spent an average of just under $1 million in their local communities. Direct crop inputs were the biggest expense category, totaling $185,000. Minnesota farmers enjoyed the highest net farm income…Not a Rosy Picture for All in Agriculture
Published February 15, 2021
Northland Community and Technical College Farm Business Management Instructor Josh Tjosaas says the Red River Valley has double the net farm income compared to one year ago, but it’s not a rosy picture for everyone. "There are farms that had…USDA Net Farm Income Forecast Shows Decline for 2021
Published February 8, 2021
USDA’s early projection for net farm income is $111.4 billion for 2021, a decline of $9.8 billion from 2020. American Farm Bureau Federation Chief Economist John Newton isn’t surprised with the expected decline. "Most folks anticipated we'd see a decline,…USDA Forecasts Near Average 2020 Net Farm Income
Published February 7, 2020
USDA is forecasting 2020 net farm income to increase 3.3 percent compared to 2019. USDA expects net farm income to hit $96.7 billion in 2020, an increase of $3.1 billion compared to 2019. However, USDA expects 2020 net cash farm…