More than 30 percent of Minnesota farmers lost money in 2016

More than 30 percent of Minnesota farmers lost money in 2016, according to a new analysis by the University of Minnesota Extension and Minnesota State.

The average Minnesota farm’s balance sheets are still strong — mainly because of record corn and soybean yields and farmers banking some surplus dollars from a few years ago — but there are obvious signs of financial stress, said Extension Economist Dale Nordquist.

http://www.startribune.com/many-minnesota-farmers-in-the-red/417372133/