A system for automatically determining a trip magnitude of a ground engaging tool of an agricultural implement includes a ground-engaging system having an attachment structure coupled to a frame of an agricultural implement, a ground-engaging tool rotatably coupled to the attachment structure at a joint, and a biasing element configured to bias the ground-engaging tool towards a predetermined ground-engaging position. The system further includes a trip sensor configured to generate data indicative of a magnitude of rotation of the ground-engaging tool, the trip sensor being at least partially received within the biasing element. Additionally, the system includes a computing system communicatively coupled to the trip sensor, the computing system being configured to determine the magnitude of rotation of the ground-engaging tool based at least in part on the data generated by the trip sensor.