Source: Julie Havlak, LAURINBURG EXCHANGE, 2/6/20

 Family farm bankruptcies are on the rise in North Carolina, a signal the rest of the state’s farm economy could be in trouble. North Carolina saw a 33% increase in Chapter 12 family farm bankruptcies from 2018 to 2019, with 16 filings, says a study by the American Farm Bureau, a trade association that advocates for farmers. That might not seem like a lot, but spikes in family farm bankruptcies can represent the broader farm economy, which is suffering from years of bad weather, low crop prices, and the fallout from the trade war.

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