MN Farms See Higher Income in 2020
Despite the challenges of COVID-19, Minnesota farms saw improved profitability in 2020, primarily due to higher commodity prices in the third and fourth quarters of 2020. Median net farm income for Minnesota farms reached $106,969 in 2020, a welcome increase after seven years of low profitability. When adjusted for inflation, 2020 farm profits were […]
Over $7 Billion Paid in CFAP 2 Payments
During the first month of the signup period, USDA approved more than $7 billion in the second round of the Coronavirus Food Assistance Program. Through CFAP 2, USDA is making $14 billion of assistance available to farmers and ranchers. Iowa received more payments than any other states with $778 million. A total of $510 million […]
