MADISON, WI (Wisconsin Radio Network-WSAU) — A report from the American Farm Bureau Federation finds more bankruptcy filings by Wisconsin farmers than in any other state.The report puts the nationwide increase at 24% over the previous year, covering the 12 months ending September 30th.
Wisconsin led the country for a second straight year.
Several weather incidents and trade disputes were the major factors. In addition to lower market prices, farmers were impacted by several market-access issues involving China and Canada in the past year.
The USDA estimates farm revenue at $88 billion for the year – 29% below the record set in 2013.
