Why farm bankruptcies have climbed, even with milk and cheese prices up 40% this year

Myra P. Saefong
Why farm bankruptcies have climbed, even with milk and cheese prices up 40% this year

After suffering significant declines over the past few years, prices for milk and cheese are trading roughly 40% higher this year, but the rally didn’t come fast enough for dairy farmers, who have seen a spike in bankruptcy filings.