03-31-2021, 11:52 AM
Gotta love that farmer welfare. And then the farmers voted out the Minnesota Democrat in the House who headed the Ag Committee who worked hard to get them their welfare checks.
https://www.startribune.com/minnesota-fa...600040329/
Minnesota farmers in 2020 had their most profitable year in nearly a decade due to good weather and aid designed to offset health and trade crises.
Median farm net income rose to $106,969 last year following seven years of low profitability, according to a report published Tuesday by the University of Minnesota Extension and the Minnesota State Agricultural Centers of Excellence.
The Minnesota farm-income report showed that 2020 produced surprising results after what looked last spring like another disappointing year.
Rising commodity prices at the end of 2020 and two rounds of government aid tied to COVID-19 relief assisted many sectors, including agriculture. Economists called the year "a sigh of relief," though they were measured in assessing impact because of the volatility of farming.
Without government aid, Minnesota farmers would have experienced an eighth straight year of low profitability, said Pauline Van Nurden of the University of Minnesota's Center for Farm Financial Management. From 2013 to 2019, the state's median annual farm profit hovered between $26,940 and $42,754.
https://www.startribune.com/minnesota-fa...600040329/
Minnesota farmers in 2020 had their most profitable year in nearly a decade due to good weather and aid designed to offset health and trade crises.
Median farm net income rose to $106,969 last year following seven years of low profitability, according to a report published Tuesday by the University of Minnesota Extension and the Minnesota State Agricultural Centers of Excellence.
The Minnesota farm-income report showed that 2020 produced surprising results after what looked last spring like another disappointing year.
Rising commodity prices at the end of 2020 and two rounds of government aid tied to COVID-19 relief assisted many sectors, including agriculture. Economists called the year "a sigh of relief," though they were measured in assessing impact because of the volatility of farming.
Without government aid, Minnesota farmers would have experienced an eighth straight year of low profitability, said Pauline Van Nurden of the University of Minnesota's Center for Farm Financial Management. From 2013 to 2019, the state's median annual farm profit hovered between $26,940 and $42,754.