Minneapolis Fed

Farm workforce is aging rapidly in northern U.S.

The average age of farmworkers in the Plains and upper Midwest is rising at a much faster rate than in the rest of the country, said the Minneapolis Federal Reserve Bank on Thursday. Most of the farmworkers in the Minneapolis district, stretching from the Upper Peninsula of Michigan to Montana, were born in the United States.

Strongest farm outlook in years, say ag bankers

Farm income and land values surged in the closing months of 2020, lifted by higher commodity prices and large federal payments, according to farm lenders across the Midwest and Plains. With the commodity rally expected to persist, the farm economy was in its best shape in years, said the …