Farm bankruptcies are soaring year-over-year. An ag attorney says that the new data includes some alarming numbers.
Joe Peiffer says, “The Administrative Office of the United States Courts points out, in the first six months of 2025, 181 Chapter 12 bankruptcies were filed nationwide. That is up 57% from what it was in 2024. That’s more filings than we had in either 2022 or 2023.”
He says that losing the China ag market is a contributing factor, and it will be hard to correct.
“Now China’s buying from Argentina. It’s been buying soybeans from Brazil. Once you lose a market like that, the chances of getting it back are really slim, because we’re no longer viewed as a reliable supplier because of the trade things that are going on.”
Peiffer says that it is not only the financial loss, but the emotional strain on farmers that is taking a toll.
He says that it is “fish or cut the bait” time for a lot of farmers and recommends they talk to an experienced bankruptcy attorney and tax advisor.
As input costs continue to rise, diesel prices have held steady in recent weeks, according to energy analysts at GasBuddy.
September 25, 2025 12:02 PM
·
U.S. soybean farmers are growing increasingly frustrated by Argentina’s gains in Chinese grain contracts and Trump’s pledge of economic support for the South American ally.
September 25, 2025 11:51 AM
·
Estate tax relief reduces pressure, but succession planning remains the critical challenge for farm families.
September 24, 2025 04:57 PM
·
Midwest corn and soy producers are monitoring for disease and lower yields due to the ongoing drought over the last 30 days.
September 24, 2025 04:38 PM
·
A new study by the National Grains and Feeds Association found that their industry generates $401.7 billion in economic output and supports over 1.16 million jobs nationwide.
September 24, 2025 02:41 PM
·
Farmers should anticipate continued upward pressure on farm labor costs and monitor policy changes that may further impact hiring decisions.
September 24, 2025 01:01 PM
·
