Finances are still tight, and new data shows it has become dire for some operations.
Numbers from the Farm Bureau show 216 farms filed for Chapter 12 bankruptcy last year, which is a 55 percent increase from 2023. Despite the jump, that is still down from the nearly 600 filings back in 2019.
All regions saw a rise, but areas outside the contiguous U.S. saw their bankruptcies triple last year.
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“We got to do something now!”
“We could see oppressive heat index values for a few days.”
The event will be hosted during National Farmers Market Week and will run this summer from Sunday, August 3 to Friday, August 8, daily from 4:00-8:00 p.m. ET.
“Crop land values continue to be steady, but there are some areas of strain and weakness.”
