Minnesota farmers are concerned about the potential impact of the Middle East conflict on diesel fuel and fertilizer prices, which could impact their profits. The ongoing trade war between the U.S. and Iran is also affecting farmers' ability to grow fewer acres of crops across the state this year compared to last year. Farmers’ harvests in 2025 were mostly unprofitable, and many growers are expecting to again lose money this year. The income from Minnesota farms growing corn and soybeans remained low in 2025, according to data from the Center for Farm Financial Management at the University of Minnesota. Tom Slunecka, CEO at the Minnesota Soybean Research and Promotion Council, said there's no way for farmers to make up for these higher costs due to high costs. Many soybean farmers rely heavily on China for their crops, but a trade war in 2025 strained this relationship. The commodity price of corn and Soybeans has fallen by at least 30% since a peak in 2022. The financial impact of tariffs and Iran war is causing financial uncertainty for Minnesota farmers.