>One thing that increases the stress on the farmers is the way they avoid income taxes at all costs so they rarely save any of the profits from good years to help them float during the bad years.
I'm from Iowa and a family member does lots of farm bankruptcies here. This is definitely a thing. Farmers buy new pickup trucks in lieu of showing a profit. Pair that in with land purchases at 7k+/acre and the saying "the neighbors land will never come up for sale again while I'm alive" and you've got a good mix for very high stress situations.
I'm from Iowa and a family member does lots of farm bankruptcies here. This is definitely a thing. Farmers buy new pickup trucks in lieu of showing a profit. Pair that in with land purchases at 7k+/acre and the saying "the neighbors land will never come up for sale again while I'm alive" and you've got a good mix for very high stress situations.