USDA is projecting 2019 farm income at $88 billion. That’s the highest net farm income since 2014. Farm debt is projected to be record high at $416 billion. For the 12-month period ending in September, Chapter 12 farm bankruptcies totaled 580 filings nationwide. Thirty-one of those bankruptcies were in Minnesota, 13 were filed in South Dakota and three in North Dakota.
