Economists from the Ohio State University looked at the trends in Chapter 12 filings each year, evaluating whether the recent downturn in commodity prices is impacting the number of bankruptcies agriculture is seeing.
Debt-to-asset ratios are on the rise, working capital is eroding and farmers’ sentiments are on the decline. Despite the negativity surrounding prices and outlooks, Famer Mac is providing a voice of optimism.
Michigan farmer Michael Stamp is facing time behind bars. Both Michael Stamp, and his wife Melissa Stamp, entered separate plea agreements with U.S. attorneys this week in a bankruptcy case dating back to 2012.
FAPRI’s baseline projections point to little change in net farm income over the next decade, which could lead to further erosion in the farm financial picture for agriculture. For 2019, FAPRI sees livestock receipts not boasting the numbers USDA currently projects.
An ongoing lawsuit is over the way the U.S. Army Corps of Engineers manages the Missouri River and covers not only floods starting in 2007, but also future flooding, including the historic floods farmers in Nebraska, Iowa and Missouri are facing today.
The trade battle between the U.S. and China continues, and fresh data from U.S. Department of Agriculture puts it into perspective, showing some states saw exports decrease more than 80 percent to China in 2018.
The cold, wet weather pattern won't seem to budge, but things could be turning around. Meteorologist Mike Hoffman says his 90-day forecast looks promising, especially for April, just in time for spring planting.