A Western Corn Belt state has one of the lowest farm bankruptcy rates in the nation.
Data from American Farm Bureau shows Nebraska had a double-digit drop in Chapter 12 filings in 2021, which is tied for second lowest behind Iowa.
Nebraska USDA Farm Service Agency Executive Director John Berge says it’s partly because of $2 billion administered through farm loans to help producers manage risk. “Whether you’re using our resources for an operating loan or an ownership loan, our job is to make sure you know how to do a cash flow.
