(NAFB) — The Senate passed the Family Farmer Relief Act of 2019 late last week. It’s a bill that will expand family farmers’ access to relief under Chapter 12 farm bankruptcy rules by increasing the debt limit from $4.2 million to $10 million. The House of Representatives passed the bill earlier last week and it now moves on to President …
One Step Away From Helping Farmers Stay in Business
(AFBF) — The following statement may be attributed to American Farm Bureau Federation President Zippy Duvall: “With farm bankruptcies at a record high in some regions of the country, Senate passage of the Family Farmer Relief Act sends an important signal to family farmers and ranchers that our elected officials are willing to act in these challenging times. The bill …
Farm Bureau: Family Farmer Relief Act Will Help Farmers Stay in Business
(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 …