Max Armstrong shares insight about Chapter 12 bankruptcy and how it works for farmers and fisherman. The program was created in 1986 as an emergency response during the Farm Crisis. The law became permanent in 2005, and a bill was recently released called the Family Farmer Relief Act of 2019 that would raise the debt cap in Chapter 12.
Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Max Armstrong, veteran farm broadcaster and host of This Week in Agribusiness.
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