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Corn was very good to area farmers in 2012 but was one reason farm incomes tanked last year. Graphic by Sara Leitheiser/DL NEWSPAPERS

Farm income takes a big hit

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Net farm income plummeted in Minnesota last year, after banner profits in 2012.

A steep fall in corn prices was largely to blame, according to a joint analysis conducted by Minnesota State Colleges and Universities and University of Minnesota Extension.

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Overall, net farm income was $41,899 for the median farm. That compares to $189,679 in 2012, a 78 percent decrease.

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