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Showing posts from April, 2017

2016 Southern Minnesota Corn and Soybean Results

By David Bau, Extension Educator

The 2016 FINBIN data base was recently updated with 2016 figures from farmers in Adult Farm Management programs across Minnesota. There were 974 corn farmers in the data base in 2016 in southern Minnesota and 868 soybean farmers. Average gross revenue for Southern Minnesota corn farmers declined from $731.20 in 2015 to $699.91 in 2016 while input costs averaged $753.76 in 2016 compared to $788.59 in 2015. Indicating the net return per acre improved from a loss of $57.39 in 2015 to a loss of $53.76 per acre. The average southern Minnesota corn farmer has lost money since 2014.

Average gross revenue for Southern Minnesota soybean farmers increased to $587.12 in 2016 from $522.28 in 2015 while input costs averaged $503.03 in 2016 compared to $519.07 in 2015. Indicating the net return per acre improved from $3.21 in 2015 to $84.09 per acre in 2016. These average net incomes were negative for 2014 and 2015.

There were records yields in 2015 and again in 20…