Minnesota Farm Income Plunges 78%

March 28, 2014 04:21 AM

The Minneapolis Star Tribune reports this morning that Minnesota farm income plunged 78% last year due to lower commodity prices.

Corn growers’ net return went negative: -$24 per acre. And Minnesota’s perennial cash cow—sugarbeets—lost an astounding $300 per acre due to low yields and low prices. Soybean returns were still positive at $85 per acre.

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