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.
Strong corn exports support prices while soybeans lag yearly pace. However, large carryover stocks limit upside despite solid yields.
February 18, 2026 12:41 PM
·
Fuel costs ease over the long term, but fertilizer energy remains volatile.
February 18, 2026 11:47 AM
·
Bayer’s Monsanto announces $7.25B class settlement for Roundup™ lawsuits alleging Non-Hodgkin lymphoma (NHL), covering claims over 21 years.
February 17, 2026 04:14 PM
·
Weskan Grain CEO Will Bramblett discusses the antitrust lawsuit filed by grain farmers and agribusinesses, and its potential implications on rail competition and market access.
February 17, 2026 01:41 PM
·
RealAg Radio host Shaun Haney shares insight into Canada’s trade push in Mexico and what it could signal for agriculture and the USMCA moving forward.
February 17, 2026 01:23 PM
·
Jim Rothermich with the American Society of Farm Managers and Rural Appraisers joined us to share the latest on farmland real estate markets across the Midwest.
February 17, 2026 12:48 PM
·
