Wisconsin leads nation in family farm bankruptcies

Wisconsin leads nation in family farm bankruptcies

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MILWAUKEE (AP) — Wisconsin continues to top the nation in family farm bankruptcies.

The American Farm Bureau Federation says that July 2018 through June 2019, Wisconsin farmers filed 45 Chapter 12 bankruptcies. Data show the total was five fewer than the previous 12-month period but still No. 1 in the nation.

In Minnesota, bankruptcy filings increased by 11, to 31.

North Dakota had nine filings, up one from the previous period. South Dakota increased by 12, to 13.

The Journal Sentinel reports that with depressed milk prices besetting Wisconsin’s thousands of dairy operations, the state has led the country in farm bankruptcies in recent years.

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