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Story summary
- In 2025, 293 farmers filed for Chapter 12 bankruptcy, a 36% increase from 2024.
- U.S. farmers face financial pressure from low crop prices and rising production costs.
- The U.S. Department of Agriculture (USDA) forecasts rising production costs for corn and soybeans while prices remain below break-even.
- Economists warn that without substantial policy changes, rural America will deteriorate, affecting jobs and local economies.
