Manage episode 241856354 series 1104350
In this episode, Paul discusses the debt increases to Chapter 12 bankruptcy that were recently passed by Congress. Some argue that this change is needed based on increasing farm size and increasing land values, but others argue this change could lead to increased lending costs to producers. Materials discussed in this episode:
- “Family Farmer Relief Act of 2019” Raises the Aggregated Debt Limit For Chapter 12 Bankruptcies (AREC, Sept. 10, 2019).
- Grahame, Mason and Paul Goeringer, Management Tool of Last Resort: Bankruptcy Offers Protections to Qualifying Agricultural Operations and Fishermen to Restructure Business and Survive Tough Economic Times (UME 2018).