Published:
Views: 488

Low Prices Plague Wisconsin Farmers

For the third year in a row, the Badger State boasted the unenviable distinction of leading the nation in farm bankruptcies in 2018. Wisconsin’s 47 Chapter 12 bankruptcies easily outpaced Nebraska’s 31. Low milk prices were just one culprit. “The


For the third year in a row, the Badger State boasted the unenviable distinction of leading the nation in farm bankruptcies in 2018. Wisconsin’s 47 Chapter 12 bankruptcies easily outpaced Nebraska’s 31. Low milk prices were just one culprit. “The cranberry industry is in rough shape. The processing vegetables aren’t doing very well. Potato farms just had a rough year. They had a bad harvest. So that’s what’s going on. It’s just a lot of persistent low prices for a lot of different commodities that we produce,” said Paul Mitchell, a professor of agriculture and applied economics at the University of Wisconsin. In 2018, 498 Chapter 12 bankruptcies were filed nationwide, three fewer than in 2017. In 1986, Congress enacted Chapter 12 bankruptcy protection to allow family farmers and family fishermen to restructure their finances to avoid liquidation or foreclosure.

Click here to read more.

Tagged with: ,
Posted in Agriculture, Bankruptcy, Cattle, Farming, Feature, Great Lakes, News Desk, Wisconsin

EMAIL SIGNUP

Please sign me up to receive breaking news and updates from the Land Report!

Latest Tweets

News By Region

The Land Report | 2018 America's Best Brokerages
The Land Report is proudly partnered with:
Land Leader
Hall and Hall
Bates Land Consortium
Mossy Oak Properties
United Country Real Estate
Live Water Properties
Fay Ranches Inc.
Mirr Ranch Group
californiaoutdoorproperties.com
Whitetail Properties
Western Ranches
TerraStone Land Company
Hayden Outdoors Real Estate
LandAndWildlife.com
Pacific West Great Plains Great Lakes Midwest Southwest South Northeast Pacific West Great Plains Great Lakes Midwest Southwest South Northeast