Farm Bankruptcies on the Rise

Chapter 12 farm bankruptcies increased for the second year in a row. American Farm Bureau Market Intel reports there were 315 bankruptcies in 2025, up from 216 in 2024. In this region, Minnesota had 13 farm bankruptcies. There were three bankruptcies filed in South Dakota and none in Minnesota. The Midwest and Southeast had more farm bankruptcies than other parts of the country.