News

Minnesota farm income mostly falling month to month

Minnesota farmers made less money for most commodities in June.

According to USDA’s monthly Agricultural Prices report, the average price for corn in the state was $3.46 per bushel, a dime lower than May and nearly a dollar below 2014.

The average price of soybeans in June was also 10 cents below the previous month and $4.80 lower than a year ago at $9.40 a bushel.

The June oat price, at $2.88 per bushel, showed a 27 cent improvement from the May average, but was $1.06 under June 2014.

Hay prices in June were off $16 from May and $33 per ton less than last year.

And the average price of milk increased 10 cents from May, but was $5.50 below a year ago at $17.90 per cwt.