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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The U.S. pork industry is staying vigilant in keeping its supply safe from foreign animal diseases like African Swine Fever.
“American soybean farmers—who are already reeling from your sweeping tariffs—deserve better.”
The shutdown is yet another hurdle for producers navigating a challenging year marked by high input costs, volatile markets, and uncertain trade conditions.
Farmers will need to closely monitor forecasts if the regulatory changes are implemented, as temperature cutoffs will replace fixed spray dates.
Under this agreement, SCDA will administer a program covering infrastructure and timber losses, as well as future economic and market losses.
