Minnesota farm income took another dip in 2017. Dale Nordquist with University of Minnesota Extension says the median farm income was $28,551 in 2017, down from about $36,000 a year earlier:

Across all types of farms, nearly one-third of farmers lost net worth in 2017. Dairy farmers faced some of the toughest challenges as milk prices plunged in the second half of the year, a drop that continues in 2018.