A new chapter

摘要

Acyclical doldrum in the agriculture economy has caused a nationwide rise in farm bankruptcies, while changes in U.S. financial laws open the door for even more.In August last year, the U.S. Congress raised the Chapter 12 farm bankruptcy debt eligibility from $4 million to $10 million, making more growers eligible for the debtor-friendly reorganization plans. The change aligned with a sluggish farm economy thatboosted the rate of bankruptcies nationwide, in recent years anyway.