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4) Farm bankruptcy cases rise across the U.S.

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The agriculture industry in the US is facing a tough time as farm bankruptcies increased by 55 percent between 2023 and 2024. 

According to the American Farm Bureau Federation, 216 farm bankruptcy cases were reported last year. Rising interest rates and falling net incomes are pushing more farmers to seek financial relief under Chapter 11 and 12 bankruptcies. 
 

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