• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Agriculture / Farm Bureau report shows increase in farm bankruptcies

Farm Bureau report shows increase in farm bankruptcies

February 3, 2020 By Radio Iowa Contributor

Chad Hart

A Farm Bureau report says Iowa saw 27 farm owners file for bankruptcy during 2019.

That’s almost double from the previous year when there were 14 farm bankruptcies statewide. Chad Hart, an agricultural economist at Iowa State University, says there may be more bankruptcy filings in coming years as the federal government ends trade mitigation payments that supplement farm income.

Hart says, “Given that, we might see a step back here in farm incomes and that should lead to, again, continued pressure where we could see this bankruptcy trend continue to rise slowly higher.” Hart says the overall numbers are relatively small, but it shows there’s mounting financial trouble from dairy states like Wisconsin to grain states like Iowa.

“It shows that it’s not just centered on one sector like dairy,” Hart says, “that this is spread more broadly across production agriculture.” Iowa and six neighboring states each marked decade-high numbers of farm bankruptcies in 2019.

Hart says farm income has actually been on the rise, buoyed by $28 billion in federal payments to make up for trade disruptions. He says those payments are not expected to continue, but the financial pressure on Midwestern farmers likely will.

(By Grant Gerlock, Iowa Public Radio)

Share this:

  • Facebook
  • Twitter

Filed Under: Agriculture, News

Featured Stories

Iowa Supreme Court rules in Mahaska-Marion County regional airport dispute

Pheasant harvest and hunter numbers both up this year

Iowa Supreme Court overturns ruling creating constitutional abortion right

Iowa’s governor launches $100 million school safety plan

Urbandale teacher crowned Miss Iowa

TwitterFacebook
Tweets by RadioIowa

Radio Iowa/Baseball Coaches Association High School Poll 6/27/22

AJ Green signs with Milwaukee

Iowa to host Georgia Tech in ACC/Big Ten Challenge

Iowa State adds a defensive back

Radio Iowa/Baseball Coaches Association High School Poll 6/20/22

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2022 · Learfield News & Ag, LLC