News

There was a 55% increase in Chapter 12 bankruptcy filings last year, according to Farm Bureau

February 24, 2025 10:42 AM • 
RFD NEWS STAFF, Currey McCullough

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.

Click here to read the full report

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