Spiking diesel costs push US family farm bankruptcies to a new spike
Chapter 12 farm bankruptcies hit 336 in the year to June, up from 282, as war-driven diesel and fertilizer costs stack onto already-negative crop margins. Diesel alone eats $10B of the $15.6B US farms spend on fuel. Farm Bureau economists see farm returns running $32B short of expenses by 2027, a sixth straight year of red ink.