Comment on Iowa farm bankruptcies up 26 percent in 2020

Iowa farm bankruptcies up 26 percent in 2020

Iowa had 34 farm bankruptcies in 2020 — a 26 percent increase from the previous year and the third-highest state total behind Wisconsin and Kansas.The overall number of farm bankruptcies in the United States fell 7 percent, to 552, the American Farm Bureau reported this week. The organization noted there likely would have been more farm bankruptcies nationwide if not for federal aid to offset trade losses and coronavirus-related damages.

 

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