Wisconsin farmers are seeing some of the highest bankruptcy numbers in the country, but there is help available.
The Western District of Wisconsin counts 28 farm bankruptcies in 2017, the most in the country. Paul Mitchell, University of Wisconsin professor in the School of Agriculture and Applied Economics, pointed to lower prices for commodities for three straight years as part of the culprit.
But there is some help for struggling farmers.
DATCP’s Wisconsin Farm Center offers a hotline for farmers looking for advice – everything from financial to succession planning for the future. Of the 2,000 calls the hotline gets, more than half are currently about financial issues.
The hotline is available weekdays from 7:45 a.m. to 4:30 p.m. at 1-800-942-2474. Learn more here.
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