With record-high debt and more farmers extending their repayment terms, the number of U.S. farms restructuring debt by filing Chapter 12 bankruptcy rose in the past 12 months, according to an analysis by American Farm Bureau Federation (AFBF) chief economist John Newton.
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Industry News
Read coverage of current events and news affecting dairy producers and the industry.
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LaClare Family Creamery has announced the completion of a $10 million expansion that will make it a national leader in Chevre cheese production.
Here are some relevant numbers as October comes to a close:
The USDA’s Farm Service Agency (FSA) continues to update 2019 Dairy Margin Coverage (DMC) enrollment numbers, and dairy producers have about seven more weeks to sign up for 2020 participation.
Digest Highlights
- Agri-Mark implementing base program in 2020
- Lawsuit seeks to block USDA cattle eartag requirements
- Bill targets reduction in farmer suicide rates
- California ‘quota’ Phase 2 meetings rescheduled
- USDEC in Mexico this week
- House proposal provides student loan forgiveness for young farmers
- USDA offers organic dairy compliance course
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