Name: Redwood Area Alano Club
Start: 2023-06-04T19:00:00-05:00
End: 2023-06-04T20:00:00-05:00
Location: Alano Club

The total number of farms in Minnesota in 2020 was 67,500, down 500 farms from 2019, according to the USDA, National Agricultural Statistics Service – Farms and Land in Farms 2020 Summary report.

Approximately two-thirds of Minnesota’s farms had less than $100,000 in sales. Total land in farms for Minnesota during 2020 was 25.4 million acres, down 100,000 acres from 2019.

Farms in the $10,000-$99,999 sales class showed a decrease of 100,000 acres from 2019.

The average farm size in Minnesota for 2020 was 376 acres, up 1 acre from 2019.

The largest increase was in the $1,000,000 and over sales class which increased 46 acres on average from 2019.

The number of farms in the United States for 2020 is estimated at 2,019,000, down 4,400 farms from 2019.

The number of farms in all sales classes declined. In 2020, 51.1% of all farms had less than $10,000 in sales and 81.5% of all farms had less than $100,000 in sales.

In 2020, 7.4% of all farms had sales of $500,000 or more.

Total land in farms, at 896,600,000 acres, decreased 800,000 acres from 2019.

The biggest change for 2020 is that producers in Sales Class $10,000 – $99,999 operated 550,000 fewer acres than in 2019.

In 2020, 30.1% of all farmland was operated by farms with less than $100,000 in sales, while 40.8% of all farmland was operated by farms with sales of $500,000 or more.

The average farm size for 2020 is 444 acres, unchanged from the previous year. Average farm size increased in the $250,000 – $499,999, $500,000-$999,999, and $1,000,000 or more sales classes and remained unchanged in all others.