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Fortune

Jason Ma

Farm bankruptcies are soaring amid low crop prices, while Trump considers bailout of up to $14 billion

Donald Trump United States

(Credit: Getty Images)

The number of farm operations filing for bankruptcy remains at historically low levels but has jumped sharply this year as a crisis in the agricultural economy drags on.

In the second quarter, there were 93 filings, according to the Federal Reserve Bank of Minneapolis, up from 88 in the first quarter and nearly double the 47 at the end of 2024.

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