There could be an influx of farm bankruptcies in 2019.
Adam Ballinger, a partner in the law firm Ballard-Spahr, says many farmers are finding it difficult to secure financing for this year.
“From the people I talk to, banks are highly skeptical and don’t want to lend into risky operations, so I think time will tell (how many bankruptcies will occur). But I think by mid-April we should be seeing some movement from people who aren’t able to get operating loans.”
He tells Brownfield there are some parallels to the 1980’s, but points out the current state of farmland values and lower interest rates should be a buffer for some.
Continue reading Farm bankruptcies expected to climb in 2019 at Brownfield Ag News.
