Positive Balance Projected for Minnesota in Latest Economic Forecast

Today, Minnesota Management and Budget released the 2021 February Economic Forecast for the state. There is no longer an anticipated shortfall for Fiscal Year 2022-23. Now, Minnesota projects a positive balance of $1.6 billion because of a higher revenue forecast, lower state spending and an increased surplus for the current fiscal year. View the presentation.

USDA Forecasts Near Average 2020 Net Farm Income

USDA is forecasting 2020 net farm income to increase 3.3 percent compared to 2019. Net farm income is expected to hit $96.7 billion in 2020, an increase of $3.1 billion compared to 2019. However, USDA expects 2020 net cash farm income to be down nine percent to $109.6 billion. Total direct government payments to the […]