Delgado's family farm bill signed into law
Aug 26, 2019 2:00 pm
Jim Kevlin is reporting at AllOtsego [dot] com U.S. Rep. Antonio Delgado’s bill to help family farmers during downturns in the agriculture economy was signed into law August 23, by President Donald Trump. H.R. 2336, The Family Farmer Relief Act, helps farmers by making it easier for them to reorganize debt through the Chapter 12 bankruptcy rules, created specifically to help family farmers during tough economic times. Delgado introduced the legislation in April; the measure was passed the House on July 26, and the Senate on August 2. “Today is a victory for our small and mid-size farmers who now have the flexibility to reorganize their debt and continue operations in what continues to be a challenging time for agriculture,” the Rhinebeck Democrat said in a statement. The act was endorsed by the American Farm Bureau, National Farmers Union, National Corn Growers Association, National Milk Producers Federation, the National Pork Producers Council, and the American Bankruptcy Institute. Read the full story at AllOtsego [dot] com.