Source: University of Minnesota

The median net farm income among crop farmers more than doubled, and livestock farmers moved their median net farm income back into the black in 2010, a new joint report by the Minnesota State Colleges and Universities and the University of Minnesota shows.

Overall, median net farm income was $119,915 among about 2,500 Minnesota farms in 2010, up from $33,417 in 2009 when net farm incomes were depressed by low profits in the livestock sector and increased production costs, the analysis shows. Median net farm income means half of the producers earned more and half earned less.

"Most Minnesota producers had a good year in 2010," said Richard Joerger, system director for agriculture and business at the Minnesota State College and Universities system. "However, these results occurred in an extremely risky and volatile environment."
 
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