BUSINESSMINNPOST MINNEAPOLIS
Minnesota bankruptcies rise as a ‘perfect storm’ of challenges roil farm country
Farm bankruptcies in Minnesota and the Midwest are rising sharply due to declining farm income, rising input costs, and financial pressures. The USDA projects a $1.2 billion drop in farm income this year, while Chapter 12 bankruptcy filings in Minnesota increased by 300% compared to 2024. Experts warn of worsening conditions, drawing parallels to the 1980s farm crisis.
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