New data from the US Courts shows chapter 12 farm bankruptcies
increased 24% in the 12-month period ending September 2019.
American Farm Bureau economist John Newton tells Brownfield there were 580 total filings with 255 in the Midwest – up 13% from year ago levels.
“I think it really signals the financial stress that we have experienced in the farm economy now for several years. We look for the trade aid and crop insurance benefits to hopefully reverse this trend soon.”
Newton says a notable Midwest state is Wisconsin with 48 filings – the highest in the last decade.
Continue reading Farm bankruptcies reach decade-high levels at Brownfield Ag News.
