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FINBIN Report on MN Farm Finances

The 2,306 Minnesota farms included in the FINBIN database represent a broad cross-section of Minnesota production agriculture. While there is no “typical” Minnesota farm, these farms include a large enough sample to provide a good barometer of commercial farming in Minnesota. FINBIN data is provided by farms that participate in Minnesota State Farm Business Management Education programs and the Southwestern Minnesota Farm Business Management Association. These farms represent about 3 percent of the farms in the state and 14% of commercial farms with sales of over $250,000.