U.S. farm bankruptcies rise 20 percent in 2019 despite federal aid

Jan. 30 (UPI) — U.S. farm bankruptcies rose nearly 20 percent last year amid the trade war with China, trailing only 2010, the year following the Great Recession when such bankruptcies rose 33 percent. Recently released U.S. Courts data show there were 595 Chapter 12 family farm bankruptcies in 2019, up nearly 100 filings from 2018, and the highest number of filings since 2011’s 637 filings for Chapter 12. Economic analysts for the American Farm Bureau Federation said considering there are slightly more than 2 million U.S. farms, the bankruptcy rate in 2019 is approximately 2.95 bankruptcies per 10,000 farms, ... Read more