Fallout from the collapse of MF Global is spreading worldwide, including to grain elevators and commodity traders in Minnesota, who have had funds frozen that the grain traders say they need to stay in business.
Minnesota Public Radio's Mark Steil reports on the news in southwestern Minnesota. One of the stories he's been following is a new report out this morning from the U.S. Agriculture Department. It's the agency's latest estimate of the size of the harvest. And he has news about a town where no one, apparently, wants to run for office. He checked in with Morning Edition host Cathy Wurzer.
Much of Minnesota has gone from too wet to too dry, as spring floods have given way to fall drought. The quick turn to dry conditions this summer helped and hurt farmers.
Corn and soybean farmers are pushing for - and
Congress is moving to create - a whole new subsidy that could
maintain farm incomes at a nearly four-decade high should prices
fall or crops be destroyed by weather.
Go Deeper.
Create an account or log in to save stories.
Like this?
Thanks for liking this story! We have added it to a list of your favorite stories.
Leaders of the House and Senate agriculture committees plan to propose cuts to the country's farm subsidy programs. Those cuts could affect Minnesota, the fourth largest agricultural producing state in the nation.
When it comes to staying informed in Minnesota, our newsletters overdeliver. Sign-up now for headlines, breaking news, hometown stories, weather and much more. Delivered weekday mornings.