Working capital in the U.S. farm sector from 2009 to 2018 has declined. Since peaking in 2012 at slightly over $165 billion, working capital has declined precipitously. Today, it stands at $56 billion or 36% of the peak. The drop has been sharp and swift, with 2014 as the only year seeing an increase since 2012. From 2017 to 2018 working capital in the sector declined by $10.4 billion, or 18%. These declines are significant and are likely an indicator of the potential for significant financial stress in the sector.