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.
ARC/PLC, marketing loans, and crop insurance each matter at different points in the price cycle — and the new Farm Bill strengthens the balance among them.
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With port fees now lifted, economists believe that could help ease tensions. However, American Farm Bureau Federation (AFBF) economist Faith Parum said trade deals with smaller Asian countries are helping stabilize the ag economy.
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Ohio AgNet’s Dusty Sonnenberg takes us up in the cab with a popcorn farmer bringing in this year’s haul.
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Here is a regional snapshot of harvest pace, crop conditions, logistics, and livestock economics across U.S. agriculture for the week of Monday, Nov. 10, 2025.
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Stagger buys and diversifies fertilizer sources — watch CBAM, India’s tenders, and Brazil’s import pace to time urea, phosphate, and potash purchases.
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Distillers dried grains (DDG) values follow corn and soybean meal trends, with ethanol grind and feed demand shaping costs into early 2026.
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