The Farm Bureau reports that last year there were an average of 12 Chapter Twelve bankruptcies per state. A 24% increase to that would put the number at 15 per state this year. This is consistent with what I have read elsewhere, so I believe it to be true. The Farm Bureau is an advocacy group, but they are not in the habit of lying. So While it is an increase, 15 farms per state does not seem to me to be a big number compared to the number of farmers in each state.
Chapter 12 is what farmers below 4.5 million in value file, vs chapter 11 for those above that.
Certainly farm debt has increased, but I don t know those numbers, but have read that. That would a much larger number of farmers.
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Today's Featured Article - A Lifetime of David Brown Tractors - by Samuel Kennedy. I was born in 1950 and reared on my family�s 100 acre farm. It was a fairly typical Northern Ireland farm where the main enterprise was dairying but some pigs, poultry and sheep were also kept. Potatoes were grown for sale and oats were grown to be used for cattle and horse feeding. Up to about 1958 the dairy cows were fed hay with some turnips and after that grass silage was the main winter feed. That same year was the last in which flax was grown on the farm. Flax provided the fibre which w
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