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BANKRUPTCY FILINGS DECLINE – Despite the third-lowest net farm income in the last decade, record nominal agricultural debt, rising debt-to-asset ratios and interest rates, and continued headwinds for agricultural commodity prices, Chapter 12 bankruptcy filings in fiscal year 2018 were down 8 percent, according to AFBF. Still, filings in fiscal year 2018 were approximately 25 percent higher than in 2014 and USDA expects the debt-to-asset ratio to climb this year to 13.4 percent. (

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