Area
United States of America
Commodity Group
Oilseeds, oils and meals
Commodity
Grains, oilseeds
Date
01/08/2019
Policy Category
Production
Policy Instrument
Farmer relief measures
Description
Released the Family Farmer Relief Act of 2019, with a view to helping to avoid mass liquidations and further consolidation in the agriculture sector, as farmers are faced with declines in net farm incomes and an increasingly unpredictable trade environment.
Notes
In the recently released Family Farmer Relief Act of 2019 the maximum debt producers filing for bankruptcy are allowed to have has been raised from previously USD 4.4 million to USD 10 million. Reportedly, the bill is aimed to help avoid mass liquidations and further consolidation in the agricultural sector as farmers are faced with declines in net farm incomes and an increasingly unpredictable trade environment.
