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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.

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Updated 27 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 11 a.m. ET: 18,579,615 — Total deaths: 701,544 — Total recoveries — 11,173,262Map.
  2. U.S.: Total confirmed cases as of 11 a.m. ET: 4,773,775 — Total deaths: 156,8874 — Total recoveries: 1,528,979 — Total tests: 58,239,438Map.
  3. Public health: Moderna skirts disclosures of coronavirus vaccine costs — There’s not much good news about kids and coronavirus.
  4. Business: Auto sales may have turned a corner.
  5. Sports: The return of high school sports hangs in the balance — UConn becomes first FBS team to cancel its football season.
  6. Education: Chicago Public Schools to begin school year with fully remote classes.

Why the employee retention credit is an overlooked stimulus issue

Illustration: Eniola Odetunde/Axios

D.C. remains deadlocked on the next stimulus package, days after extended unemployment benefits ended and days before PPP is set to expire.

Where it stands: One unresolved issue that hasn't gotten enough attention is a proposed expansion of the employee retention credit, which could have a significant impact for companies that have experienced severe revenue declines.

New York Times digital revenue surpasses print revenue for first time

The New York Times building. Photo: Eduardo MunozAlvarez/VIEWpress/Corbis via Getty Images

For the first time in its nearly 170-year history, the New York Times made more money from digital products than it did from its print newspaper during a three-month quarterly earnings period, the Times announced Wednesday.

Why it matters: It's a huge milestone for The Gray Lady, which six years ago published a digital "Innovation Report" that detailed the paper's shortcomings in adjusting its business to embrace the digital world.