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
An economist says U.S. ag exports could fall next year due to several factors.
According to the latest Cattle on Feed report, drought brought placement numbers lower.
Experts predict consumers will pay nearly double the price per pound for certain types of turkey than the average cost just five years ago.
