Fact-check analysisVerified as of July 15, 2025Curated by FactVerify
True

More US farms have filed for bankruptcy in the first three months of 2025 than in all of 2024.

More U.S. Farms filed for bankruptcy in the first three months of 2025 than in all of 2024, according to multiple recent reports and data analyses.

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Source: factverify.com

At a glance

Key Evidence

Verified July 15, 2025
The reporting

What the Evidence Shows

The claim that more U.S. Farms have filed for bankruptcy in the first quarter of 2025 than in the entirety of 2024 is supported by several credible sources. The core factual assertion is that the number of farm bankruptcy filings from January to March 2025 exceeds the total filings recorded throughout 2024. According to research from the University of Arkansas System Division of Agriculture extension economist Ryan Loy, there were more farm bankruptcy filings nationwide in the first three months of 2025 than in all of 2024.agriculture.comagriculture.comFarm Bankruptcies on the Rise Again in 2025

This is corroborated by court records and reports indicating that there were 216 farm bankruptcies filed in all of 2024, which was already a 55% increase from 2023.agriculture.comagriculture.comFarm Bankruptcies This Year Already Exceed 2024 Levels Meanwhile, filings in just the first quarter of 2025 reached or exceeded this total, with figures such as 82 filings reported for the first three months alone.hoosieragtoday.comhoosieragtoday.comReport: Farm Bankruptcies Up 55 Percent in 2024 The context includes ongoing economic pressures on farmers, such as depressed commodity prices, high input costs, and tightening credit conditions, which have contributed to this surge.agriculture.comagriculture.comFarm Bankruptcies This Year Already Exceed 2024 Levels

While some sources mention specific types of bankruptcy filings like Chapter 12 increasing by 70%, the overall trend is a significant rise in farm bankruptcies early in 2025 compared to previous years.thebusinessjournal.comthebusinessjournal.comFarm bankruptcies surge as costs outpace crops There is no credible evidence contradicting this data; rather, multiple independent sources confirm it.

Therefore, the claim is accurate and reflects current agricultural economic challenges.

Primary trail

Verified Sources5

Farm Bankruptcies This Year Already Exceed 2024 Levels

agriculture.com
Open source

Farm Bankruptcies on the Rise Again in 2025

agriculture.com
Open source

Another Sign of Trouble in the Ag Economy: Farm Bankruptcies Are on the Rise

agweb.com
Open source
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