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| Stam, Jerome M.. |
| Chapter 12, a special section in the bankruptcy code enacted in 1986 in response to the farm financial crisis, will expire on October 1, 1998. It has succeeded in keeping some farmers in business and has encouraged informal lender-farmer settlements out of court. But it has increased costs by encouraging both inefficient farmers who would otherwise liquidate and efficient farmers who would otherwise continue their operations at greater expense to reorganize their businesses and charge off part of their debts under the protection of bankruptcy. Some of these costs could be mitigated by allowing lenders the option of recapturing writedowns in secured debt as asset values increase. |
| Tipo: Report |
Palavras-chave: Agricultural and Food Policy; Agricultural Finance. |
| Ano: 1997 |
URL: http://purl.umn.edu/33725 |
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| Stam, Jerome M.; Dixon, Bruce L.. |
| Farmer bankruptcies, bankruptcy rates, and related issues are explored from the beginning of modern bankruptcy legislation over a century ago. Farmer bankruptcies historically have been controversial because they are thought to indicate changes in the economic well-being and structure of the rural economy. Concerns about farmer bankruptcies were heightened twice during the past century. The first was from 1920 through the Great Depression and the second was during the 1980s. Bankruptcy data for Chapters 7, 11, and 13 exist for farmers for the 1899-1980 period, but there are no Chapter 7, 11, or 13 farmer bankruptcy data available beginning in 1980. However, data are available for the 1986-2002 period for Chapter 12, the Family Farmer Bankruptcy Act of... |
| Tipo: Report |
Palavras-chave: Bankruptcy; Financial stress; Farm sector structure; Farm numbers; Foreclosure; Credit; Debt; Income; Agricultural Finance; Farm Management. |
| Ano: 2004 |
URL: http://purl.umn.edu/33689 |
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| Stam, Jerome M.. |
| Farmer bankruptcies often are viewed as an important measure of rural economic well-being and of the success or failure of various Federal agricultural and rural policies. But the level of farmer bankruptcies is not a good indicator of rural financial health. Bankruptcies are only a subset of all farm business exits and a lagging indicator of economic stress. They do not reflect overall economic conditions in most rural areas because farming is a relatively small part of rural economic activity. |
| Tipo: Report |
Palavras-chave: Agricultural Finance. |
| Ano: 1996 |
URL: http://purl.umn.edu/33675 |
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