For the Southwestern Association, average net farm income was $40,598 in 1997 for the 208 farms included in this report. This is a decrease of 35% from 1996 continuing the pattern of large swings in income. Since costs changed very little, almost all of the decrease can be attributed to a...

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...

The objective of this study is to compare commodity payments under current Federal farm policy with the previous Senate and Administration proposals and the recently released “2008 Farm Bill Conference: House Agriculture Committee-Developed Concept for a Farm Bill Spending Framework.”...

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...

This staff paper explains the basic process of strategic management. This involves developing a vision of what you want your farm to be in the future, describing the farm's current mission, setting objectives, understanding your chosen industry and your farm's place within that industry,...