(UnitedVoice.com) – Farmers are struggling at rates not seen since the farming crisis in the 1980s. When COVID-19 hit, supply chains struggled, restaurants closed, farmers were forced to ditch thousands of acres of food, euthanize animals they couldn’t sell, and demand for ethanol used in gasoline dropped causing corn to go unsold.
The crisis hit the farming community across the country hard, ending the hopes and dreams of many who feed America and the world.
According to the American Farm Bureau Federation, Chapter 12 bankruptcies were up 8% from June 2019 to June 2020. Chapter 12 bankruptcy was created in the 1980s to help struggling farmers repay creditors over 5 years so long as their debt was less than $10 million.
Since March, the federal government has dispersed $16 billion in direct payments to farmers to help them get through the pandemic. However, much of that money went to pay workers or the farm debts.
There are programs available to farmers that may be unknown. If you, or a farmer you know, need help, there are multiple programs available by the USDA. In these trying times, we need all the support we can get.
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