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Posted on 7:33 PM by Wanto and filed under
By Ian Kleine
Minnesota produces at least two hundred forty billion plus in gross domestic products per year. Most of those comes from the production of finished goods, although agriculture and crafts also make a good percentage of that number. In the state alone, there are over at least thirty plus companies that produce the highest revenue in the states.
The per capita personal income in the past few years reached up to thirty six thousand dollars, making Minnesota rank eighth in the whole country. Median household income four years ago was fifty two thousand.
The state had started with producing raw materials, especially in the agricultural sector. Fur trading and corn was the first order of industry. It would be natural since most of the Native Americans had founded the place. Minnesota, now in the 20th century, is well known to be the United States' largest producer green peas, sweet corn, sugar beets and domesticated turkeys. This changes to production, processing, packing and manufacturing in Minnesota. Companies like Hormel Foods Corporation and Schwan Food Company had established their bases here.
Forestry, lumber, pulp manufacturing, paper production, and forestry products has also been a strong industry in Minnesota, thanks to its lush forests of pine. This however, had greatly reduced the number of forested lands in the state. Harvest slowly thinned out some of the forests, with protection efforts still a long way.
Minnesota is also known for its iron mines which supplies at least a good portion of the world's iron demand for over a hundred years now. Pure ore is non-existent nowadays, but taconite is still a big industry. Taconite is used to make steel, for your information.
Biomedics is slowly becoming strong too, especially with the world renowned Mayo Clinic. UnitedHealth Group, based in Minnesota is also the country's second largest health insurance company.
The per capita personal income in the past few years reached up to thirty six thousand dollars, making Minnesota rank eighth in the whole country. Median household income four years ago was fifty two thousand.
The state had started with producing raw materials, especially in the agricultural sector. Fur trading and corn was the first order of industry. It would be natural since most of the Native Americans had founded the place. Minnesota, now in the 20th century, is well known to be the United States' largest producer green peas, sweet corn, sugar beets and domesticated turkeys. This changes to production, processing, packing and manufacturing in Minnesota. Companies like Hormel Foods Corporation and Schwan Food Company had established their bases here.
Forestry, lumber, pulp manufacturing, paper production, and forestry products has also been a strong industry in Minnesota, thanks to its lush forests of pine. This however, had greatly reduced the number of forested lands in the state. Harvest slowly thinned out some of the forests, with protection efforts still a long way.
Minnesota is also known for its iron mines which supplies at least a good portion of the world's iron demand for over a hundred years now. Pure ore is non-existent nowadays, but taconite is still a big industry. Taconite is used to make steel, for your information.
Biomedics is slowly becoming strong too, especially with the world renowned Mayo Clinic. UnitedHealth Group, based in Minnesota is also the country's second largest health insurance company.
About the Author:
Going for a trip to Minnesota? Why not make it worth the trip? Minnesota craft shows. Visit Minnesota craft fairs, that's what I use to check up on mine.
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