Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Farm Bankruptcies Reach Great Recession Levels
NEWS
Farm bankruptcies reach Great Recession numbers
In 2019, there were 595 Chapter 12 family farm bankruptcies in the U.S.
Credit: Talk Business & Politics
Author: Talk Business & Politics
Published: 11:24 AM CST February 20, 2020
Updated: 11:24 AM CST February 20, 2020
International trade wars, low commodity prices, and erratic weather have plagued farmers throughout the country in recent years and the number of farmers going bankrupt is on the rise, according to an analysis done by American Farm Bureau.
In 2019, there were 595 Chapter 12 family farm bankruptcies in the U.S., the most since 637 were filed in 2011. It was almost 100 more than were filed in 2018. Filings tended to accelerate toward the end of the year with 147 being filed in the fourth quarter of 2019 alone, a 14% spike as compared to the same quarter the previous year, the analysis found.
Arkansas had 13 farms declare Chapter 12 and the state of Wisconsin, with a beleaguered number of dairy farmers, led the nation with 57. The number in Arkansas was unchanged from 2018. From 2010 to 2019, Arkansas had 134 bankruptcies in this category. During this same period, California had the most with 388 followed by Wisconsin (375), Georgia (351) and Florida (212).
More: https://www.5newsonline.com/article/news/farmers-bankruptcies/527-bb098fa3-b5e5-4da2-b2c6-e3654d2a9e8d
5 replies
= new reply since forum marked as read
= new reply since forum marked as read
