(AFBF) — The following statement may be attributed to American Farm Bureau Federation President Zippy Duvall:
“America’s farmers and ranchers applaud the House passage of the Family Farmer Relief Act. After several consecutive years of a trying farm economy, updating Chapter 12 bankruptcy eligibility to the current scale and credit needs of U.S. agriculture is a necessity. Today’s action will ultimately help family farmers and ranchers avoid extremely difficult bankruptcy proceedings, giving them a better chance to get back on their feet and keep farming. Various financial services may help owners of agribusinesses in avoiding bankruptcy and repairing their financial standing.
“I appreciate Rep. Antonio Delgado (R-N.Y.), Judiciary Ranking Member Jim Sensenbrenner (R-Wisc.), House Agriculture Committee Chairman Collin Peterson (D-Minn.), and Reps. TJ Cox (D-Calif.), Kelly Armstrong (R-N.D.) and Dusty Johnson (R-S.D.) for their leadership in introducing the bipartisan Family Farmer Relief Act. Farm Bureau thanks all members of the House for their support of the legislation. We look forward to working with the Senate to get this important bill to the president for his signature.”
Source: American Farm Bureau Federation