HDRider
Well-known member
After Purdue said "get big or go home."
Data from the U.S. Courts reveals that for the 12-month period ending September 2019, Chapter 12 farm bankruptcies totaled 580 filings, up 24% from the prior year and the highest level since 676 filings in 2011.
But that does not make sense, or maybe it does. The big got bigger.
USDA currently projects farm income in 2019 to reach $88 billion – the highest net farm income since 2014’s $92 billion, but still 29% below 2013’s record high. In addition, nearly 40% of that income – some $33 billion in total -- is related to trade assistance, disaster assistance, the farm bill and insurance indemnities.
https://www.fb.org/market-intel/farm-bankruptcies-rise-again?utm_source=Market+Intel+Subscribers&utm_campaign=2dd3cbc7cf-EMAIL_CAMPAIGN_2019_10_30_01_26&utm_medium=email&utm_term=0_8791233023-2dd3cbc7cf-260852123
Data from the U.S. Courts reveals that for the 12-month period ending September 2019, Chapter 12 farm bankruptcies totaled 580 filings, up 24% from the prior year and the highest level since 676 filings in 2011.
But that does not make sense, or maybe it does. The big got bigger.
USDA currently projects farm income in 2019 to reach $88 billion – the highest net farm income since 2014’s $92 billion, but still 29% below 2013’s record high. In addition, nearly 40% of that income – some $33 billion in total -- is related to trade assistance, disaster assistance, the farm bill and insurance indemnities.
https://www.fb.org/market-intel/farm-bankruptcies-rise-again?utm_source=Market+Intel+Subscribers&utm_campaign=2dd3cbc7cf-EMAIL_CAMPAIGN_2019_10_30_01_26&utm_medium=email&utm_term=0_8791233023-2dd3cbc7cf-260852123
