Minneapolis Fed: Farm Bankruptcies Ticking Up

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A new release by the Federal Reserve Bank of Minneapolis discusses the current economic pressures in the farm sector. Chapter 12 bankruptcy filings by operating farms increased in the first half of the year both nationally and in the Minneapolis Fed’s district. At the same time, farmers have increased their debt loads. The article points to weak crop prices as the reason for this financial stress. The piece also includes an informative discussion of the unique characteristics of the Chapter 12 mechanism and is well worth a quick read.


You can find a link to the article here.

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