Crop report shows mixed outlook for Minnesota farmers

'It's below break even right now.'
Andy Olson takes a brief break while picking water hemp weeds out of his son's soybean field in rural Heron Lake, Minn.
Jackson Forderer / For MPR News

The U.S. is expecting its largest corn and soybean crops ever this fall. With supply so high, crop prices are low -- so low that farmers may end up selling at a loss.

This especially bad news in Minnesota where heavy rain and flooding this spring reduced production on many farms.

• More: Buried in corn? Record U.S. crop could kill profits for Minnesota grain farmers

MPR's Cathy Wurzer spoke with Michael Swanson, an agriculture economist with Wells Fargo.