dairy producer

America’s Largest Milk Producer Files for Bankruptcy

Dan Dairy, Economy, Industry News Release

(NAFB) — Dean Foods, a 94-year-old milk producer, is filing for bankruptcy. The largest milk producer in the country is struggling as Americans are no longer drinking as much milk from cows. This year has been especially difficult as company sales dropped seven percent in the first half of this year, with profits falling 14 percent. A CNN Dot Com …

farm bankruptcies

Farm Bankruptcies up 24 Percent Since Trade War Start

Dan Economy, Industry News Release

(NAFB) — Farm bankruptcies are at the highest level seen since 2011. Data compiled by the American Farm Bureau Federation shows farm bankruptcies surged 24 percent since the trade war with China began. For the 12-month period ending September 2019, Chapter 12 farm bankruptcies totaled 580 filings, the highest level since 676 filings in 2011. AFBF Chief Economist John Newton …

cobank

CoBank: Expect more Farm Bankruptcies in 2018

Dan Economy, Industry News Release

A recent report by CoBank expects the farm economy to tighten again in 2018, and experts say that will lead to more farmers filing Chapter 12 bankruptcy. DTN-The Progressive Farmer reports that wheat and dairy producers are among the hardest hit, with an increase in Chapter 12 bankruptcy filings in Kansas and Wisconsin, reaching the highest level since 2012 last …

bankruptcy

Farm Bankruptcy Relief Bill Sent to Trump

Dan Industry News Release

Legislation that would make it easier for family farmers to reorganize debts when facing bankruptcy received final approval this week, sending the measure to the president’s desk for signature. The bill was included as part of the supplemental appropriations package approved Tuesday in the Senate by a vote of 82-17. The measure would rectify a 2012 Supreme Court ruling on …