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Lower corn prices dropped Minnesota farm income in 2013

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By Tom Webb

St. Paul Pioneer Press

ST. PAUL — Minnesota’s farm income plunged in 2013 after breaking records the year before, due partly to much lower corn prices, a report out Thursday said.

Net income last year was $41,899 for the median Minnesota farm studied, according to a report jointly issued by the University of Minnesota Extension and the Minnesota State College and Universities system.

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