U.S. farm bankruptcy filings rose in both 2024 and 2025, reversing a trend that had been improving since a peak in 2019. Prior years of falling crop prices, higher interest rates and input costs, rising land prices and rental rates, and stress specific to certain crops and livestock sectors have all contributed to the recent increase in bankruptcy filings. These impacts have been slightly tempered by government efforts to stabilize farm income as well as FSA loan policy.

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