Minnesota farmers had modest financial rebound

Minnesota farmers experienced a modest financial rebound in 2025 as net farm incomes improved from extremely low profit levels recorded in 2024. According to data from the University of Minnesota and Minnesota State Colleges and Universities, the median net farm income increased to $66,518 in 2025.

While this income level remains below the long-term average, it represents an improvement over the previous year. Improved profitability allowed the average Minnesota farm to make modest gains in working capital and net worth during 2025. Strong livestock earnings, above-trend crop yields and government assistance programs contributed to improved financial performance.