McLean County Farm Bureau

FARM BUREAU, FARMERS UNION UNITE ON BANKRUPTCY BILL

The Family Farmer Relief Act of 2019 would help more family farmers avoid liquidation or foreclosure, allowing them to stay in operation, the American Farm Bureau Federation and National Farmers Union said in a joint letter to congressional lawmakers. The legislation would raise the Chapter 12 operating debt cap. “Lifting the liability cap will expand access to the restructuring and seasonal repayment flexibility that many farmers need in today’s lagging farm economy.” (Farm Bureau)