Economics

The number of farm operations filing for bankruptcy remains at historically low levels but has jumped sharply this year as a crisis in the agricultural economy drags on.

In the second quarter, there were 93 filings, according to the Federal Reserve Bank of Minneapolis, up from 88 in the first quarter and nearly double the 47 at the end of 2024.

That’s still well below the recent high of 169 in early 2020, and filings nosedived in the two years that followed. But since 2022, farm bankruptcies have been trending higher.