🌾 🇺🇸 👨🌾 U.S. Farm Bankruptcies Surge +46% as Fertilizer Costs Squeeze Farmers:
The American Farm Bureau Federation reported 315 Chapter 12 bankruptcy filings in 2025, up from 216 in 2024 and the third consecutive annual increase.
The Midwest got hit hardest with 121 filings, a +70% jump.
The Southeast followed with 105, up +69%.
Together, those two regions accounted for more than two-thirds of every farm bankruptcy in the country.
Fertilizer prices are pouring gasoline on the fire.
Urea, the most widely used nitrogen fertilizer on the planet, has ripped +87% year-to-date and trades near $720 a tonne.
For corn growers who depend on nitrogen, this is a dire situation.
Many farmers are reporting they will cut the amount of fertilizer they use, shift from corn toward less nitrogen-dependent soybeans, or just take the yield loss.
Farms are under pressure.
📎 Hedgeye
In 1983, America's biggest daytime talk show did something that's never happened since.
It spent an hour on a live debate on the DPT shot and vaccine mandates. Injured kids were in the studio, and the host asked what no host would dare ask today:
"Why does it have to be a law? Should we have the freedom to decide?"
🇺🇸 A Red Baron delivery worker went viral after snapping at a social media prankster who pretended to steal $10 from his phone via Apple Pay while he was working.
The father of four broke down over his exhausting schedule and financial struggles, prompting the internet to rally behind him. A GoFundMe has since raised more than $500,000, while Red Baron publicly backed the employee and confirmed his job is safe.
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New York fined private Amish schools $118,000 for refusing vaccine mandates.
Their lawyer says only the Supreme Court can save them now.