Carolinas hit hard as US family farms declaring bankruptcy spiked in 2019, data shows
Story Date: 2/3/2020

 

Source: Hayley Fowler, NEWS & OBSERVER, 1/31/20

 
All signs pointed to a difficult year for farms in 2019. New data confirms it. The number of family farms filing for Chapter 12 bankruptcy last year spiked 20 percent nationally, according to a study by the American Farm Bureau Federation. That’s the highest increase since 2010, the year after the Great Recession ended. In the Southeast, it swelled 48 percent from 2018.

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