US Edition2024 farm income was at lowest level in years
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2024 farm income was at lowest level in years
The University of Minnesota and the Southern MN Agricultural Center of Excellence released the 2024 Farm Business Management Summary for southern Minnesota earlier this spring. The summary showed that the average net farm income of $37,849 in 2024 was a 50% decline from 2023. This was significantly below the 2022 average net farm income of $311,240, which was the highest average net farm income ever recorded in the summary. The 2024 average net …
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