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Photo by: Edwin Remsburg/VW Pics via Getty Images

An analysis by the Federal Reserve Bank of Minneapolis found that 84 farm operations in the upper Midwest filed for Chapter 12 bankruptcy from June 2017 to June 2018.

Why it matters: The number of bankruptcies filed by these farm operations is double the total from 2014 and even surpassed the mark hit in 2010 at the peak of the Great Recession. Current price levels and trends suggest the number will continue to rise, according to the report.

Details: The report examines filings from North Dakota, South Dakota, Minneapolis, Montana and Wisconsin.

  • Most of the farm bankruptcies were filed in Wisconsin at 50 total. Minnesota had 20 and South Dakota had 12. Both Montana and North Dakota each had one bankruptcy.

The state of play: Agriculture commodity prices have flatlined over the last year — with prices freezing on soybeans, milk, corn and beef. Farmers have also been hampered by President Trump's retaliatory tariffs on China, which particularly dampened foreign demand for U.S. soybeans.

Yes, but: A mixed Congress may bring a bit of relief to farmers. The push to get a farm bill done before the next session of Congress begins in January may result in renewed negotiations that restore protections for farmers.

Go deeper:

Go deeper

Rideshare companies say driver shortage is pushing prices up

Illustration: Sarah Grillo/Axios

It's not just you: Uber and Lyft rides are more expensive, company executives said this week.

Why it matters: Demand for rideshare is roaring back as the economy starts to reopen, but the same can't be said for drivers on the apps. That means fewer cars on the road, causing a supply gap that's pushing up prices.

Pelosi slams GOP leadership's moves against Liz Cheney

U.S. House Speaker Nancy Pelosi. Photo: Al Drago/Bloomberg via Getty Images

House Speaker Nancy Pelosi this week condemned Republican efforts to oust Rep. Liz Cheney (R-Wyo.) as House GOP conference chair.

Why it matters: A number of Democrats have spoken out against attempts to punish Cheney for her criticism of former President Trump, framing the discussion as one essential to the maintenance of American democracy.

What to watch in AMLO's meeting with Harris

Three Mexico national guardsmen stand in front of the metro overpass that collapsed onto a busy highway. Photo: Julián Lopez/ Eyepix Group/Barcroft Media via Getty Images

Joint efforts to stem the increased number of migrants heading to the U.S. will likely be at the top of discussions when Vice President Kamala Harris and Mexico President Andrés Manuel López Obrador hold their virtual meeting on Friday.

The big picture: The U.S. government has consistently asked its southern neighbor to prevent immigrants from reaching the border, mostly through threats like former President Trump’s talk of tariffs.