Farm bankruptcies keep rising across the US

Farm bankruptcies across the U.S. rose again in 2019, as a prolonged slump in commodity prices, poor weather and the ongoing trade war with China squeezed farmers.Last year, 30 farmers in Minnesota — a 15% increase — filed for Chapter 12 bankruptcy, which allows family farms to restructure their finances and avoid liquidation or foreclosure.Farm bankruptcies rose 20% nationally in 2019 and 16% in the Upper Midwest, according to data released by the federal court system.While the absolute numbers are small, they have been rising steadily since 2013, a year after the most recent peak in farm pro…

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