U.S. Senators Amy Klobuchar (D-MN) and Chuck Grassley (R-IA) announced that their bipartisan legislation to help farmers keep their farms, reorganize their businesses, and repay their debts has been signed into law. As bankruptcy rates among American farmers near record highs, the Family Farmer Relief Act raises the Chapter 12 operating debt cap to $10 million, allowing more family farmers to seek relief under the program.
Klobuchar’s Bill to Help Family Farms Reorganize Signed into Law
By Ashley Hanley|2019-08-27T09:50:30-05:00August 27th, 2019|