More Farmers Declare Bankruptcy as Pandemic Exacerbates Already Strained Agricultural Economy

Cows grazing in a grassy field at sunset

More U.S. farmers are filing for bankruptcy, as federal payments projected to reach record levels this year fall short of compensating for the coronavirus pandemic and a yearslong slump in the agricultural economy. About 580 farmers filed for chapter 12 bankruptcy protection in the 12-month period ended June 30, according to federal data. That was… Continue reading More Farmers Declare Bankruptcy as Pandemic Exacerbates Already Strained Agricultural Economy