Hart: Expect increase in farm bankruptcies

January 4, 2021
News

Chad Hart, professor, was interviewed for a Jan. 4 Gazette story, "Iowa farm bankruptcies continue to rise, despite aid."

“The government has provided a lot of short-term funding to help farmers get through the year,” Hart said, referring to market facilitation and coronavirus food assistance programs, which funneled two rounds of aid to farmers in 2020.

But for farmers living close to the edge, “there are some long-run problems that don’t necessarily get fixed through a market facilitation payment,” Hart said. “They are needing some additional market recovery to save themselves.”

Overall, 2020 gave some gut punches to farmers — particularly animal producers.

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