Kansas saw fewer farm bankruptcy filings over the past 12 months than it had from July 2018 to June 2019.
The American Farm Bureau Federation says Kansas had 32 Chapter 2 filings, down seven from the prior year. Kansas fared better than Missouri, which had 12 more bankruptcies, and Nebraska, which had 13 more over the prior year.
Nationally, there were 580 Chapter 12 filings, up 8 percent — but the filings for the first six months of the year, 284, were actually down 10 from January to June 2019. The Midwest, including Kansas, was the hardest-hit region with 23 more filings year-to-year.
The Farm Bureau says the slowdown in filings is largely due to stimulus funding through the CARES Act, but it also says the slowdown may be temporary and a lot of those protections are either expiring or have ended. It also says many eligible producers still have not received any of the aid they were promised.
