[Farm] Videos
This week we have something very exciting for farmers!
Tim from Norris Ward Mckinnon talks about the Farm Debt Mediation Act 2019 which comes into effect on the first of July, 2020.
U.S. farm bankruptcies are on the rise with twice the number of farmers in the U.S. Midwest declaring bankruptcy last year compared to a decade ago. CGTN’s Dan Williams went to the U.S. state of Wisconsin where many are hanging on amid a trade war which has made a tough situation even harder.
In this period of low agricultural market prices and small margins, it is important to understand how to deal with financial trouble when it arises in a farming operation. The state of Iowa has put structures in place to help farmers work their way out of extreme financial difficulties. This process, known as mediation, can be the first step toward addressing debt repayment problems.
During the farm crisis of the 1980s, the Iowa court system was flooded with farmers facing foreclosure. Looking for a way to solve those cases before they went to court, the Iowa legislature created Iowa Mediation Service, a non-profit organization that is governed by the state’s Attorney General.
While today’s farm financial situation doesn’t mirror the 1980s, there is still cause for concern and Iowa Mediation Service is available for farmers who are at risk.
For more information visit our website: http://www.extension.iastate.edu/ag/
2018-05-16 – Farm Debt Mediation Bill – First Reading – Video 5
Gareth Hughes
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2018-05-16 – Farm Debt Mediation Bill – First Reading – Video 2
Gerry Brownlee
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2018-05-16 – Farm Debt Mediation Bill – First Reading – Video 8
Stuart Smith
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2018-05-16 – Farm Debt Mediation Bill – First Reading – Video 11
Mark Patterson
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2018-05-16 – Farm Debt Mediation Bill – First Reading – Video 7
Rino Tirikatene
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