Combined with the Farm Bureau’s analysis that Chapter 12 family farm bankruptcies last year increased by nearly 20 percent over 2018 and projections that major commodity prices will remain low, things look outright dismal for farm country. In now its 7th year of recession, the rural economy is struggling. And farmers are feeling the pressure.
For much of rural America, 2019 was defined by hardship. Severe weather conditions and a farm economy in a seemingly endless recession left many farm families wondering how they would pay their bills. Thankfully, America’s farmers found some relief in the aid provided through the Market Facilitation Program (MFP).