Minnesota

State Quick Facts

Population
5,639,632

Total State GDP
 $380,854,900,000

State Land Area (Acres)
50,961,280

Land in Forest
35%

Land in Farms
50%

Number of Farms
68,000

Average Farm Size (acres)
375

Farm Real Estate Value (per acre) 
$4,840

Agricultural Cash Receipts 
 $17,250,102,000

Cash Receipts from Crops 
 $9,777,432,000

Cash Receipts from Animals 
 $7,472,669,000

Top Ag. Commodities

Corn
 $4,597,010,000

Soybeans
 $3,244,134,000

Hogs
 $2,514,681,000

Cattle and Calves
 $2,063,652,000

Dairy Products, Milk
 $1,611,885,000

Top Ag. Exports

Soybeans
 $1,468,819,668

Corn
 $1,166,982,734

Pork
 $763,152,095

Feeds and Other Feed Grains
 $737,902,129

Other Plant Products
 $539,410,381

Minnesota Economic Contribution and Impact Research

In 2018, Minnesota generated around $17.3 billion in agricultural cash receipts with the highest valued commodities being corn, soybeans, and hogs. That same year, the value of Minnesota’s agricultural production and processing industries represented 4.5 percent of total state GDP. Some of the dollars generated by these industries end up being re-spent within the local economy, bringing additional value to the state through “multiplier effects.” Economic impact and contribution studies measure these effects, which can be broken down into direct, indirect, and induced economic effects.

Websites, reports, fact sheets, and articles related to the economic impacts and contributions of Minnesota’s food, fiber, and forest industries can be found below.

Websites:

Information related to Minnesota’s food, fiber, and forest industries can be found by visiting the following website(s):

*As of 2018, no standard methodology exists for producing economic impact or economic contribution reports.  Please exercise caution when viewing and comparing reports as each may vary significantly in terms of source data and analysis and reporting methodology.