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
Related Stories
Water system ideas for your farm or property... freeze-proof in winter! Come along with the Stoney Ridge Farmer as we work together to install frost-free water tanks and more!
Did you know that eight states raise nearly 77% of the U.S. turkey supply? It’s impressive. But when it comes to the impacts of High-Path Avian Flu on commercial turkey flocks — it also means those same states, in most cases, will bear the brunt of lost production value due to the virus.
Alaskan wildlife officials canceled the 2022-23 Bering Sea Snow Crab season for the first time ever. The Bristol Bay King Crab season is also canceled for the second consecutive year.
