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Minnesota farmers’ bottom lines remain strong despite challenging year
Minnesota farmers’ bottom lines remain strong despite challenging year
https://finpack.umn.edu/news/minnesota-farmers-bottom-lines-remain-strong-despite-challenging-year/

PostedFriday, June 9, 2023 at 8:59 AM

Updated6/9/2023 8:59:24 AM

Minnesota farms saw continued financial improvement in 2022, despite global uncertainty, inflationary pressures and lingering drought conditions across much of the state. Crop yields were above trendline even with the difficult growing conditions. With strong prices throughout the year for the state’s major commodities, Minnesota farms were able to improve their financial position in preparation for expected economic challenges in 2023.

Minnesota farms saw continued financial improvement in 2022, despite global uncertainty, inflationary pressures and lingering drought conditions across much of the state. Crop yields were above trendline even with the difficult growing conditions. With strong prices throughout the year for the state’s major commodities, Minnesota farms were able to improve their financial position in preparation for expected economic challenges in 2023.

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  • FINPACK
    Saint Paul, MN, UNITED STATES