Characteristics of Chapter 12 Farm Reorganization Bankruptcy Filings and Approved Reorganization Plans

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Janssen, Larry; Peterson, Scott; Pflueger, Burton
Department of Economics, South Dakota State University
Chapter 12 bankruptcy; farm debt; Agricultural and Resource Economics
article description
Chapter 12 farm reorganization bankruptcy has been available to financially stressed family farms since November, 1986. This report is one of the first empirical studies that examines the major financial characteristics of Chapter 12 farm debtors and their creditors. Debt reduction characteristics of 101 reorganization plans in South Dakota are presented.