Back to today’s briefing

Story perspectives

U.S. Farm Income Drops $1.2 B, Bankruptcies Jump 130%

6/29/2026

36 4 Full Breakdown

Summary

Story summary

The U.S. farm economy entered its 12th quarter of downturn, with the U.S. Department of Agriculture (USDA) projecting a $1.2 billion (0.7%) net farm income decline for 2026.
John Newton reported 62 farm bankruptcies in April 2026, a 130% rise from April 2025 and the highest total since February 2020.
Production expenses have risen 34% to $120 billion, pushing costs toward a half-trillion dollars and returns of minus-$45 to minus-$91 per acre.

1 of 1

Story summary

The U.S. farm economy entered its 12th quarter of downturn, with the U.S. Department of Agriculture (USDA) projecting a $1.2 billion (0.7%) net farm income decline for 2026.
John Newton reported 62 farm bankruptcies in April 2026, a 130% rise from April 2025 and the highest total since February 2020.
Production expenses have risen 34% to $120 billion, pushing costs toward a half-trillion dollars and returns of minus-$45 to minus-$91 per acre.