U.S. Farm Bankruptcies Hit 158 in Q1, Up 70% to Highest Since Pandemic
Updated
Updated · RFD-TV · Jun 24
U.S. Farm Bankruptcies Hit 158 in Q1, Up 70% to Highest Since Pandemic
1 articles · Updated · RFD-TV · Jun 24
Summary
158 farms filed for Chapter 12 bankruptcy protection in the first quarter, putting filings on pace with last year’s post-pandemic high rather than showing relief.
A 70% year-over-year rise in Midwest filings reflects mounting strain from higher fertilizer and other input costs, which an agricultural attorney linked partly to the war in Iran.
Some farmers who secured spring financing may still run through their credit lines after planting, leaving them short of cash needed to bring crops to harvest.
Federal Reserve data showed the Midwest and Southeast accounted for more than two-thirds of all Chapter 12 filings, underscoring how broadly the pressure is spreading across key farm regions.