Bankruptcy filings soar as farmers face inflation, ICE raids

American farming crisis: Bankruptcies climb to highest level since 2024 https://www.newsnationnow.com/us-news/immigration/border-coverage/bankruptcy-farmers-inflation-ice-raids/

Bankruptcy filings soar as farmers face inflation, ICE raids
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Hit with high interest rates and labor shortages, more American farmers are filing for bankruptcy, according to new data from the University of Arkansas.

Researchers found that more than 250 farms filed for Chapter 12 bankruptcy between April 2024 and March of this year, marking a sharp increase in financial distress across the agricultural sector.

“We’ve already beat last year in terms of Q1 national filings,” said Ryan Loy, an economist at the university. “Once you see this on a national level, it’s a clear sign that financial pressures that we saw before in the 2018 and ‘19 are kind of reemerging.”