Farm Bankruptcies Fall

News / In The News February 5, 2021

Credit: Unsplash \\ CC0 

Bankruptcies were down in 2020 compared to 2019, but that doesn't necessarily mean conditions are improving for America's farmers.

There were 552 Chapter 12 family farm bankruptcy filings in 2020, seven percent fewer than 2019. But, AFBF Chief Economist John Newton told KXXV in Waco, Texas the 2020 filings are still the third-highest number in the last decade. "So I think one of the main reasons was it was very difficult to file bankruptcy in a COVID environment."

Share This Article

Credit: chumlee10 // CC BY SA 2.0 

A new program from the Department of Agriculture will help cover losses stemming from natural disasters in 2020 and 2021. Micheal Clements tells us more about the program.

Full Article
Credit: iStockPhoto 

Last week, the Bureau of Labor Statistics announced that April’s consumer prices were up 8.3 percent from a year earlier. Micheal Clements shares more on the impacts of inflation and the steps to turn the tide.

Full Article