Farmers struggle with financial strain amid price hikes

Farmers struggle with financial strain amid price hikes

Recent reports show farm bankruptcies have hit a six-year high, according to data from EPIQ AACER. Many farmers in the region have felt the financial strain, placing the blame on the increasing cost of inputs.

Farm Bankruptcies Continue at High Pace

Farm bankruptcies in 2026 are on a similar pace with last year, and that is not good news. Austin Peiffer, an attorney with Ag and Business Legal Strategies in Hiawatha, Iowa, says the ag sector continues to undergo financial stress. “The bankruptcies being on track with last year isn’t saying all that much, because I believe last year was the highest number of bankruptcies we’d had since about COVID time. I think so. Being on pace with that mea…