These papers describe the current economic conditions and outline some of the opportunities facing Minnesota farmers as they complete 1998 and develop plans for 1999. The first paper, Prospects For Farm Income in 1998, describes the variation in net farm income farmers in the Southeastern and...

In the Southeastern Association the average accrual net farm income in 1996 was $67,579 for the 61 farms included in this report. The decrease is due to lower inventory levels since the increase in gross cash income was higher than the increase in total cash farm expenses. Even though this is a...

Average net farm income was $8,616 in 1998 for the 210 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. This is a decrease of 79% from 1997. During the last 20 years, net farm income has been lower than the 1998 level only in 1981 and 1985....