Diminishing Commodity Prices and Increased Interest Rates
This article, co-authored by Bankruptcy and Restructuring Partners Barry Chatz and Kevin Morse, discusses the current state of the agricultural industry.
"The current trade war and reliance on extensive government bailout for survival are just two of several simultaneous pressures on the agricultural industry indicating the need for change in this critical industry," wrote the pair. "The bankruptcy code was enacted to enable farmers, large and small, to directly face these challenges in a manner that is best for the farmer, its employees and its creditors. A corporate restructuring can provide agricultural enterprises the tools needed to move forward and counteract the outside influences."