I looked it up today. You are correct in that farmers have chapter 12 bankruptcy, gives them more leeway than chapter 11. Not a huge number yet, and sure to get worse.
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I used to work for a Bankruptcy Trustee…it’s just that most people don’t go from fine to bankruptcy in 1-3 months is all. Sometimes, but very very rarely.
mar 15, 2025, 11:47 pm • 1 0 • view
I agree 100%. Farmers need to plan ahead and borrow money for the next season, with an unstable market, what do you do? The numbers are very small, but to me seems like an omen of future problems. Thanks for the feedback.
mar 15, 2025, 11:58 pm • 1 0 • view