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.
Broader export demand helps stabilize prices and supports stronger marketing opportunities over time.
December 24, 2025 03:00 PM
·
A narrower Section 1071 rule could reduce regulatory pressure on ag lenders while keeping credit available in rural communities.
December 24, 2025 06:00 AM
·
Rising production underscores the importance of marketing discipline and margin protection as milk supplies expand.
December 23, 2025 04:09 PM
·
Jake Charleston of Specialty Risk Insurance shares risk-reduction strategies to help cattle producers prepare for a successful year ahead.
December 23, 2025 01:45 PM
·
RealAg Radio host Shaun Haney explains why the 2026 USMCA review could directly affect dairy access, produce competition, and export reliability for U.S. farmers and ranchers.
December 23, 2025 01:04 PM
·
Farms and major food companies use AI to improve efficiency and forecast demand. Still, developers said that training AI for different uses is only possible with support from knowledgeable workers.
December 23, 2025 01:02 PM
·
