Chapter 12 bankruptcy

Farm bankruptcies were rising before the coronavirus pandemic, and more challenges are ahead. American Farm Bureau Federation Chief Economist John Newton said the trend is concerning. “What we’ve seen is over the last 12 months ending March 2020 is Chapter 12 bankruptcies in the Unites States totaled 627 filings, that was up 23%. While it’s ... Read More ...

Recently released data from U.S. Courts show that farm bankruptcies increased 23% year-to-year. An American Farm Bureau Market Intel report shows a total of 627 filings took place during a 12-month period that ended in March of 2020. That makes five straight years of Chapter 12 bankruptcy increases, including a faster rate of filing since January of this year ...

Farm bankruptcies jumped by almost 20% last year.  That is the big takeaway from court data put together by the American Farm Bureau Federation.  Overall, there were almost 600 Chapter 12 family farm bankruptcies in 2019, up from almost 100 filings the previous year.   ...

Chapter 12 bankruptcies, the specific chapter designed for the farm community, have increased in 2019.  However, that national trend may need some context.   “There’s some concern there, that’s a stressful situation for the farmers for the families, for the lenders, for everyone involved," said Jackson Takach chief economist at Farmer Mac.  "It’s not a fun thing to ...

Weather challenges, trade tensions, and long-term financial struggles continue to make life difficult in the U.S. agricultural sector.  The Wall Street Journal said those headwinds are forcing an increasing number of farmers and ranchers to take on high-interest loans from lenders outside of the Ag sector, just to stay in business.  ...

Farm bankruptcies are at the highest level seen since 2011.  Data compiled by the American Farm Bureau Federation shows farm bankruptcies surged 24% since the trade with China began.  For the 12-month period ending September 2019, Chapter 12 farm bankruptcies totaled 580 filings, the highest level since 676 filings in 2011.   ...

Following years of low farm income, bankruptcies are on the rise.  The American Farm Bureau Federation said delinquency rates are above the historical average and trending in the wrong direction.  The AFBF’s Allison Wilton, says the number of Chapter 12 bankruptcies has increased steadily.   “Since...

Following years of low farm income, bankruptcies are on the rise.  The American Farm Bureau Federation said delinquency rates are above the historical average and trending in the wrong direction.  The AFBF’s Allison Wilton, says the number of Chapter 12 bankruptcies has increased steadily.   “Since Jun...

The Senate passed the Family Farmer Relief Act of 2019 late last week. It’s a bill that will expand family farmers’ access to relief under Chapter 12 farm bankruptcy rules by increasing the debt limit from $4.2 million to $10 million. The House ...

The Senate passed the Family Farmer Relief Act of 2019 late last week. It’s a bill that will expand family farmers’ access to relief under Chapter 12 farm bankruptcy rules by increasing the debt limit from $4.2 million to $10 million. The House ...