I was talking recently with an area agriculturalist who brought up the subject of farm profitability. He’s not a farmer or an economist, but he knows farmers and has a good handle on the farm scene.
His basic point: Yeah, the drought has been stressful. But some (definitely not all) farmers in the Upper Midwest will make a lot of money this year, thanks to the combination of average yields and terrific corn and soybean prices.
For all the stress and pain that drought has brought (especially to livestock producers), this year is a keeper for many Upper Midwest farmers.