President Trump delivered significant relief to beleaguered family farmers who need to sell farm assets to “right-size” their farm and incur taxes when he signed the Additional Supplemental Appropriations for Disaster Relief Requirements Act, 2017 on October 26, 2017. Tucked in the last six pages of the twenty-six-page bill is the Family Farmer Bankruptcy Clarification […]
Archive for October, 2017
Tough Financial Times in Agriculture and Lending Clauses – Peril for the Unwary
Overview The farm economy continues to struggle. Of course, certain parts of the country are experiencing more financial trauma than are other parts of the country, but recent years have been particularly difficult in the Corn Belt and Great Plains. Aggregate U.S. net farm income has dropped by approximately 50 percent from its peak in […]