AreaUnited States of America

Commodity GroupOilseeds, oils and meals

CommodityGrains, oilseeds

Date01/08/2019

Policy CategoryProduction

Policy InstrumentFarmer relief measures

DescriptionReleased 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.

NotesIn 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.