American Farm Bureau: Bankruptcies rose for the second year in a row. Up 46% from 2024.
Key Takeaways
- Chapter 12 bankruptcies increased for the second year in a row, reaching 315 filings in 2025. This is a 46% increase from 2024.
- The Midwest and Southeast filed 121 and 105 Chapter 12 cases, respectively, far outpacing any other regions. Deep crop losses across commodities common in these two regions have compounded after years of declining receipts and rising expenses.
- Families must earn the majority of their income from farming to qualify for Chapter 12. As off-farm income becomes more important for family benefits and supporting farms during economic downturns, many family farms are not eligible for Chapter 12 bankruptcies and may have to close altogether when debt and operating expenses become too great.
... https://www.fb.org/market-intel/farm-bankruptcies-continued-to-climb-in-2025
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