Max Armstrong shares insight on the new Chapter 12 farm bankruptcy code that was aimed at helping farmers restructure their debt. The program was passed in 1986 and has been updated since its inception. Max offers insight on this program that got a significant update to the law recently signed into law, which pushes the threshold for restructuring from $4.5 million to $10 million.

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.

Photo: TheaDesign/iStock/Getty Images Plus