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Concept
Economy of Minnesota
Résumé
The economy of Minnesota produced US51,990, ranking sixteenth in the nation. The median household income in 2013 ranked eleventh in the nation at $60,900.
Minnesota's economy has transformed in the past 200 years from one based on raw materials to one based on finished products and services.
The earliest industries were fur trading and agriculture. Agriculture is still a major part of the economy even though only a small percentage of the population, less than 1%, are employed in the farming industry.
In The Blufflands, cheese, wine, honey, milk, apples, and maple syrup are produced.
Minnesota is the U.S.'s largest producer of sugar beets, sweet corn, and green peas for processing and farm-raised turkeys. State agribusiness has changed from production to processing and the manufacturing of value-added food products by companies such as General Mills, Cargill, Hormel Foods Corporation (prepackaged and processed meat products), and the McDonald Food Company.
Forestry, another early industry, remains strong with logging, pulpwood processing, forest products manufacturing, and paper production. The amount of forested land in the state is declining, from 16.7 million acres (68,000 km2) in 1990 to in 2004; however, the average forest is maturing. From 1999 to 2004 the average annual growth within the state was 550 million board-feet (1,300,000 m3) of timber, while the average amount harvested was only 330 million board-feet (780,000 m3) per year.
Minnesota was famous for its soft-ore iron mines which produced a significant portion of the world's iron ore for over a century. Although the pure ore is now depleted, taconite mining remains strong using processes developed locally to save the industry. In 2004 the state produced 75 percent of the usable iron ore in the country.
Source officielle
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