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Farm bankruptcies are soaring amid low crop prices, while Trump considers bailout of up to $14 billion (fortune.com)

submitted 23 hours ago by MicroWave@lemmy.world to c/economics@lemmy.world

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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.

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[–] sunzu2@thebrainbin.org 3 points 23 hours ago

and filings nosedived in the two years that followed

Because feds bailed them out. It was very lucrative few years for farmers.

They voted for trump to get note of it. They don't care about growing corps and selling them. It is better business to just be paid direct by the government.

Trump was promising tariffs and he already did them before. These farmers voted for him anyway BC they expected a bail out.

Now they get on tv with crocodile tears, whining about how pedoking hurt them.

Feds respond with a bail out?