Farm bankruptcies grew 55% from 2023 to 2024 and are trending even higher this year.
Farmers are continuing to struggle with low prices for their agricultural commodities and the high costs of inputs needed to grow those crops.
Bloomberg says unpredictable tariffs, immigration overhauls, federal programs being cut, and frozen USDA funding are now part of the challenges farmers face as they look for financial assistance.
The American Farmland Owner says Iowa leads all other states with 12 bankruptcies this year.
