Average net farm income was $96,404 in 2003 for the 175 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. This is a 38% increase over the average income of $70,007 in 2002. In constant dollars, 2003 was the most profitable year for...

Average net farm income was $322,165 in 2010 for the 97 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. Average earnings increased by 362% from $69,787 in 2009 (Figure 1). Inflations adjusted profits rebounded after a downturn in 2009 that...

Average net farm income rebounded to $70,007 in 2002 for the 188 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. This is a sharp increase (91%) from the average net farm income of $36,614 in 2001. As in previous years, the actual profit...

Average net farm income was $98,362 in 2004 for the 125 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. This is a 2% increase over the average income of $96,404 in 2003. In constant dollars, 2004 was the third most profitable year for...

Average net farm income was $190,901 in 2008 for the 99 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. Average earnings decreased by 21% from the average of $242,267 in 2007 (Figure 1). 2008 ended a steady trend of increasing year-to-year...

Average net farm income was $147,862 in 2005 for the 107 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. This is a 50% increase over the average income of $98,362 in 2004. In constant dollars, 2005 was the most profitable year for...

Average net farm income was $154,698 in 2006 for the 110 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. This is a 5% increase over the average income of $147,862 in 2005. In constant dollars, 2006 was slightly more profitable than the...

Average net farm income was $242,267 in 2007 for the 107 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. Average earnings increased by 57% over the average of $154,698 in 2006. In constant dollars, 2007 was the most profitable year for...

This report summarizes the individual farm records of the members of the Southwestern Minnesota Farm Business Management Association for 2011. Whole-farm information and enterprise costs and returns are reported. The year-end analysis of the individual farms was performed by the Association...