Skip to main content

Posts

Showing posts from June, 2017

The Importance of Agriculture to Minnesota's Economy

By David Bau, Extension Educator

According to 2016 Summary from the Minnesota Agriculture Statistic Service there was 8.39 million acres or corn harvested in 2016 with a yield of 193 bushels per acre average for total revenue of $5,343,591,000 at $3.30 per bushel. There were 7.5 million harvested soybean acres at 52.5 bushels at $9.25 which totals $3,642,188,000. Combining for over 9 billion dollars in revenue generated.

Other crop sales generated over 1.5 billion in revenue on 73,300 farms on 25.9 million acres. Dairy farmers produced 9.67 billion pounds of milk valued at $1.624 billion. There is also a large swine, cattle turkey, chicken, and sheep industries in Minnesota with a total revenue generated in 2016 of $7.4 billion.

All this added together totals $17.9 billion in farm sales which trickles throughout the Minnesota economy. With an estimated population at end of 2016, of 5.4 million, this translates to $3,315 of ag sales for every citizen in Minnesota. This does not include…