As a life-long troll (one who lives below The Bridge) who has made many trips to the UP, I often ask that same question. Our snowmobiling group was quite close with a gal who ran a breakfast/lunch bakery/restaurant. Eating with the locals was the only way in her little Spot. Some timber, pulp wood mostly now a days. Many government workers- prison guards, highway dept, etc. Some small businesses to keep the locals going- grocery, hardware, fuel.
Most are geared for the tourists, either in support like lodging or hunting/fishing or fleecing at the omnipresent casinos. We ride through and around a few farms- looks like tough going with a short growing season and thin soils. One of my former college professors has a quarter section up there they truck their sheep in for Summer pasture while they grow seed corn back home.
Most everyone is super friendly and go out of their way to help, especially the motel keepers and fuel/food folks. One friend started to buy his sleds from the dealer up there to foster the relationships. We've had repair shops open on Sunday morning to get us back on the trails and gas stop owners come open up at all hours of the night when we missed "normal" operating hours.
It would be a great place for me to live and farm, but it will have to wait until I'm a widower- or I'll become a divorcee. She'd rather gather seashells by the equatorial seashore...
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