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Farmers Face $50B Losses, Urgent Reform Needed

2/18/2026

50 7 Full Breakdown

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Story summary
  • Minnesota farmers report net losses over $50 billion in three years as record corn production lowers prices.
  • A bipartisan letter to Congress warns of potential collapse and calls for tariff repeal and binding trade deals.
  • Rising Midwest farm bankruptcies spur calls for congressional hearings on farmers' challenges.
  • Experts call for systemic reform to build resilience in agriculture.
  • A $700 million regenerative agriculture pilot program has been announced to support sustainable practices.