Source: FARM PROGRESS, 5/7/20


An American Farm Bureau Federation Market Intel report shows a total of 627 farm bankruptcy filings during the 12-month period ending March 2020, a 23% year-to-year increase and marking five consecutive years of Chapter 12 bankruptcy increases, including an accelerated rate since January. The data is from the U.S. Courts. Wisconsin was the hardest hit with 78 filings in the 12-month period, followed by Nebraska with 41 Chapter 12 filings and Iowa at 37. More than 50% of the Chapter 12 filings were in the 13-state Midwest region, followed by 19% in the Southeast.

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