Chapter 12 Bankruptcies Rising as Farms Struggle in the Ninth District

​Since 2014, low agricultural prices have led to increases in chapter 12 bankruptcies in the Federal Reserve’s Ninth District, reaching levels in 2018 greater than those seen in the wake of the financial crisis. For the trailing twelve months ending June 2018, the Minneapolis Fed – overseeing Minnesota, Wisconsin, North and South Dakota, and Montana – reported 84 chapter 12 bankruptcies in its district. The last time chapter 12 bankruptcies were this high was the same period ending in 2010, which recorded 70 bankruptcies. 

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