Family Farm Bankruptcies Surge in Arkansas, Lawyer Reports

Family farm bankruptcies surge in Arkansas, lawyer reports

Family farm bankruptcies are rising sharply in Arkansas, according to lawyer Joel Hargis.

Arkansas Farm Bankruptcies ‘Skyrocketing’ as Crop Prices Fall, Input Costs Soar

Bankruptcy filings are rising across the board in Arkansas, but family farm bankruptcies are “skyrocketing.” That’s the assessment of Joel Hargis of the Caddell Reynolds Law Firm’s Jonesboro office. Hargis, who became a lawyer in 2004, regularly handles Chapter 12 bankruptcy cases. Chapter 12 offers relief to troubled family farms and family fishermen with regular annual income, he said. “I have another three Chapter 12s that I’m preparing to fi…

Q1 2025 U.S. farm bankruptcies exceed 2024

LITTLE ROCK — Farm bankruptcy filings are rising in 2025, a sign that agriculture is facing the same high financial pressures it saw pre-pandemic, said Ryan Loy, extension economist for the University of Arkansas System Division of Agriculture. “We’ve had 259 filings in the United States so far this year,” Loy said. “And that’s just […]