BISMARCK, N.D. (KFYR) - Retaliatory tariffs, low commodity prices and high operating costs are driving farmers into considering bankruptcy, but one financial expert says that North Dakota is more insulated from taking such a drastic measure.

Lately, farm bankruptcies have been in the news. The bankruptcy filings for producers in North Dakota, however, show a different story. There have only been 10 in the last five years, with the latest coming in October of 2024, according to the U.S Bankruptcy Court.

This is good news to Joe Mahon, regional outreach director of the Federal Reserve Bank in Minneapolis.

He said the actual overall level of bankruptcies is pretty low and has been for several years. This is because farmers in the Midwest have at least two things that can keep the number of

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