Farm bankruptcies soar
THE Society of Practitioners in Insolvency (SPI) reports a big increase in the number of bankrupt farmers.
The SPI found that agricultural and horticultural workers accounted for a much greater proportion of personal insolvencies, up from 1.3% to 5%.
It put this down to the financial problems caused by BSE and falling crop prices.
- FWi Newslines – Banks and farming
- The Times 23/11/98 page 47
- The Independent 23/11/98 page 15
- Financial Times 23/11/98 page 10