Can I Continue To Farm If I File Bankruptcy?

A Scripted Freelance Writer Writing Sample

Farmers play a big role in helping to sustain this great nation. While food can be hard to come by in other countries, the United States is very fortunate. Farmers, without skipping a beat, provide our communities with fruits, vegetables and meats. From raising livestock to growing crops, we owe a lot of gratitude to these hard-working Americans.

A Growing Trend

Unfortunately, the number of farms are on the decline. In fact, that's been the case for about the last fifty years. In 2012, the United States had 2.1 million farms, down 4.3 percent from the previous agricultural census in 2007. This long-term trend of fewer farms remains unchanged, according to the USDA.

So what's to blame for the reduction in farms? While reasons vary from farm to farm, we can certainly think of a few. Droughts, floods, extreme cold weather, rising costs, competition from overseas markets—these are just some of the obstacles farmers today face. Some in the farming industry survive them. Others, sadly, struggle to.

Chapter 12 Bankruptcy

In some instances, a farmer may find it necessary to file for bankruptcy. While it can be a scary word, bankruptcy can be beneficial to cash-strapped farmers who can no longer pay their debts. Bankruptcy offers financial protection, allowing farmers to get a fresh start by liquidating assets to pay their debts or by creating a repayment plan.

While there are certain rules to qualify for this measure, Chapter 12 provides debt relief specifically to farmers earning a regular annual income from their business. Under chapter 12, debtors will recommend a repayment plan to make installments to creditors over three to five years.

To ultimately find out if you qualify for this type of protection, consult with an experienced law firm. For additional information on Chapter 12 bankruptcy, click here.

Bankruptcy Does Not Signal "The End"

For financially devastated farmers, filing for Chapter 12 bankruptcy doesn't necessarily mean the end of the business. The truth is most farmers are able to continue their farming operations even after they file for bankruptcy. They certainly have that right, too.

When a farmer files for Chapter 12, he or she receives automatic protection from lawsuits, foreclosure proceedings and debt collectors. This protective measure gives farmers ample time to resolve debt problems and regroup. In doing so, many farmers are able to still keep their farm, home, equipment—and in many cases continue business as usual.

For farmers who opt to continue farming even after filing for bankruptcy, there is a downside, however. Filing for Chapter 12 bankruptcy can often lead to higher interest rates on new agricultural loans in the future.

On the plus side, it can truly help farmers drowning in debt rise above it. That way they can keep the family farm operational for many more years to come.

Do You Need Our Help?

If you are a farmer overwhelmed in massive debt, the bankruptcy lawyers at Telpner Peterson Law Firm, LLP are ready to help. We take the time to assess your overall financial situation and present all of your options. We're there for you every step of the way. By choosing our law firm, we can give you the financial footing you need to get a fresh start. Contact us today at (712) 325-9000.

Subscribe for the latest in Content Marketing & Freelance Writing!


Nikki G

Goose Creek, South Carolina, United States •

From southwest Georgia to South Carolina's Grand Strand, Nikki has worked in a variety of markets as a TV anchor, reporter and producer. As an Emmy-nominated journalist, she's interviewed U.S. presidential candidates, Academy award winning actors, top forty musicians, popular show hosts, and even famous cooks such as Food Network host Paula Deen. In Savannah, she served as the FOX host of Savannah's Most Wanted which featured John Walsh of America's Most Wanted fame. Along with her passion for news, she has published many articles on-line and in print, often writing under the pen name "Renae Nicole." She is a graduate of the University of South Carolina with a B.A. in broadcast journalism and minor in Spanish. She currently calls the Lowcountry home.

Customer Ratings 4
12 Customer Favorites
50% Followed Guidelines
Power your marketing with great writing. – Start your 30-day free trial today! Start Free Trial

While you're here, have you tried Scripted lately?

Used to be a member, but moved on? Heard of it, but never signed up? The current iteration of Scripted will amaze you! Streamline your content writing efforts and build your own team of high-quality writers. It's all you need for content writing. Try it free today and meet your next favorite writer or writers!

Scripted’s talented community of freelance writers have a variety of expertise and specialties. While many of our customers hire writers to execute their content marketing strategy, our writers deliver high-quality content in many formats. You can find content writers, blog writers, ghostwriters, and SEO writers all with experience in your niche.

Other content marketing examples from Nikki G

8 Foods You HAVE to Eat to Lose Weight

If you're like most people, losing weight can be incredibly tough, especially when faced with... Read More

5 Celebrities Who Say Plastic Surgery Improved Their Life

According to the latest stats, more than 20 million cosmetic surgeries were performed [worldwide ... Read More

4 Powerful Life Lessons Nurses Have Learned While Working On The Job

It takes a very special person to become a nurse. It's a tough job that's far from glamorous. Whe... Read More