Farming is a necessary and vital business to the American economy. Profitable farming however, is often held hostage by factors outside the farmer's control, such as weather or trade. One way for the farmer to take control back is reorganizing the entire farming operation through bankruptcy protection. It is an opportunity to take a breath, evaluate the business and develop strategies designed to give the farm a fresh start.
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Farmers have struggled to escape a downturn that began in 2013, a slump made worse by President Trump’s trade war with China, Mexico and Canada that cut exports and depressed already low prices, while extreme weather including flooding, a freeze, and drought early in 2019 added to farming woes.
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