For 
many farmers, 2024 an “okay” year. “We had record yields in many cases, poor prices, but a lot of guys treaded water,” said Betsy Jensen, farm business management instructor, Northland Community and Technical College. While major losses were not widespread, the lack of profits has left some farmers in a tight spot. Looking ahead, farmers are worried about 2025, especially due to low working capital. Uncertainty also surrounds government payments with no clear word on funding amid President Trump’s aggressive efforts to cut spending. “We are still planning on those payments coming in March,” Jensen noted. “That seems like it’s an automatic.” However, concerns remain about programs like EQIP, with questions about contract reliability adding to the financial uncertainty.
