WELLS, Minn. (FOX 9) - Severe struggles are hitting soybean farmers as the harvest season gets underway.

They’ve lost billions of dollars in sales already this year, and there’s no end in sight to the losses.

Farm struggles

Economic pressures:

Soybeans and corn grow across 4,500 acres of Faribault County belonging to Darin Johnson’s family since the early 1900s.

"So we've been around for quite some time," he said Tuesday.

But the landscape keeps changing around this fourth generation farmer.

Farm bankruptcies are up 95% since 2022. The cost of doing business is up, but sales prices are going down.

"And those numbers don't look good and are not improving, particularly because of the soybeans and the trade war that continues to put pressure on those markets," said Cindy VanDerPol

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