After a four-year downward trend, U.S. farm bankruptcies are on the rise again, and with uncertainties about the impacts of U.S. tariffs on export trade, there’s growing concern that the financial health of farms across the country will continue to falter.
A total of 216 U.S. farms filed for Chapter 12 bankruptcy last year, up 55% from 2023. With 17 filings, California led the nation.