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Minnesota Farmers See Falling Net Incomes, Increased Investments in Machinery

Even though Minnesota farmers have typically seen their gross incomes notably increase since 2002, the money they end up taking home has taken a hit in recent years. A University of Minnesota economist says the amount they are spending on equipment is a big reason for this.

Joleen Hadrich, an associate professor at the university’s department of Applied Economics, recently presented to attendees at the Equipment Marketing & Distribution Assn. conference in Minneapolis. In her…

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