Southeast (U.S.)

A new report from Bloomberg Law shows family farm bankruptcies had already increased by 55% last year compared to 2023, and to start 2025, the number of bankruptcies is already exceeding the same time last year.

Damage estimated between $95 billion and $110 billion. Farmers in South Georgia were assessing the damage to the state’s $1 billion cotton crop and $400 million pecan crop now in harvest season.

A coalition of over 270 local, state and federal trade associations signed a letter urging President Biden and the administration to use all of its authorities to get the ports open and get the parties back to the negotiating table.