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 $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...