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Extension > Agricultural Business Management News > 2014 FINBIN Report on Minnesota Farm Finances

Monday, April 13, 2015

2014 FINBIN Report on Minnesota Farm Finances



Crop farms and livestock farms had very different years in 2014 based on analysis of the 2183 farms that participated in Minnesota farm business management programs.  The median income for all farms was $43,129, up 3% over 2013.  But this small change hides major differences in the earnings of the diverse sectors of Minnesota’s farm economy.   

Crop farmers, for the second consecutive  year,   suffered  a  steep decline in earnings, while many livestock producers had one of their best years ever.  The 2014 FINBIN Report on Minnesota Farm Finances provides a full summary of 2014 results.  Data is provided by MnSCU Minnesota Farm Business Management and the Southwest Minnesota Farm Business Management Association.

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