Kansas Has the Third-Highest Amount of Farm Bankruptcies in the U.S.

Although farm insolvencies have declined nationally, Kansas is third highest in the nation for these bankruptcies. Beginning from June 2020 through June 2021, Kansas chapter 12 farm bankruptcies trailed only Wisconsin and Minnesota. According to the American Farm Bureau Federation, Wisconsin had 48 farms file chapter 12 bankruptcy, with Minnesota and Kansas falling behind the Badger State with 31 and 30 filings, respectively. Iowa and Nebraska had more than 20 filings, with all the other states in the teens or below. Although chapter 12 bankruptcies have fallen nationwide since 2012, when there were 582 filings, farmers continue to ride a tightrope. As of 2021, the number of bankruptcies is 438 nationwide. Kansas had two less filings than last year. According to the acting chief economist for the American Farm Bureau Federation, Veronica Nigh, the dairy sector was particularly hard hit over the last several years. But, she said, all portions of agriculture have seen chapter 12 filings.

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