DECATUR, Ill. (WAND) – Many farmers may find themselves in bankruptcy court before this year’s harvest, as Chapter 12 bankruptcy filings are on the rise.
The USDA projects farm debt to hit $624.7 billion this year while net farm income falls to $153.4 billion.
April saw a significant spike, making it the highest month for bankruptcy filings in six years, dating back to February 2020…