New bill will help more family farmers access relief from farm debt

From Montana Farmer’s Union

The U.S. Senate passed Tuesday the Family Farmer Relief Act of 2019, a bill that will expand family farmers’ access to relief under Chapter 12 farm bankruptcy rules by increasing the debt limit from $4.2 million to $10 million.

The bill, which was approved by the House of Representatives last week, now awaits President Donald Trump’s signature.

National Farmers Union endorsed the legislation when it was first introduced in April, as it would help more family farmers avoid liquidation or foreclosure. NFU President Roger Johnson released the following statement in res...