Is this possible?

[Hopperbin]

MN Farm Income Declines — Lower crop prices, higher input costs, and high cash rents led to a 78 percent drop in Minnesota farm income last year, according to the annual Minnesota Farm Income Report released Thursday. The report released by the Minnesota State Colleges and Universities System and the University of Minnesota Extension Service says the median net farm income for 2013 was $41,900, compared to nearly $190,000 the previous year. 2012 was the benchmark high year for farm profits. Farm Business Management coordinator Ron Dvergsten says the financial situation was quite different at the end of calendar year 2013. “We were pretty much at the bottom of the market with corn prices being down below $4, in the Red River Valley, in particular. The major reduction is the sugarbeet payment which is about 50 percent of what it was in the 2012 crop.” Net return per acre for corn fell from a profit of $377 per acre for the 2012 to a loss of $24 per acre in 2013. Dvergsten says the one area of the state that did well this past year was extreme northwest Minnesota, helped by very good wheat and soybean yields. However, that strength was offset by losses in the rest of the state. The study used data from over 2,000 participants in the Minnesota farm business management program.