Record Farm Profits In 2011 29 Mar 12

A new report finds Minnesota farmers enjoyed record profits last year. The survey of nearly 2,400 Minnesota farms finds median net farm income reached a record $123,000 last year, up 1%. Higher grain prices and more profitable livestock operations reportedly helped improve the 2011 numbers. But stressful weather and lower crop yields limited the gains Dairy farmers reported median net farm income of $91,000, up from $68,000 the year before. The numbers were compiled by the University of Minnesota and the Minnesota State Colleges and Universities system.