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According to the Django docs:
As you can see it only displayed one empty form. The number of empty forms that is displayed is controlled by the extra parameter. By default, formset_factory() defines one extra form; the following example will display two blank forms:
With that in mind, Django docs suggests doing something like this to set the number of extra forms:
ArticleFormSet = formset_factory(ArticleForm, extra=2)
Source:stackexchange.com