Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Farm bankruptcies are on the rise, and bankers worry that far more are on the way


November 26, 2018

Farm bankruptcies are on the rise in Minnesota and across the Upper Midwest.

Eighty-four farms filed for Chapter 12 bankruptcy in Wisconsin, Minnesota, North Dakota, South Dakota and Montana in the 12 months that ended in June, according to a new analysis from the Federal Reserve Bank of Minneapolis. That’s more than double the number over the same period in 2013 and 2014, and the number of bankruptcies in Minnesota doubled over the past four years from eight to 20.


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