Through the third quarter of 2021, 13 farm bankruptcies had been filed (Figure 4)—well below the number filed during the same period in 2020. Farm bankruptcies have slowed and will likely end the year below the average number filed since 2001, about 20 filings a year. Again, this is reflective of the improved income conditions in agriculture.
Figure 4. Chapter 12 Bankruptcies in Nebraska