Farm bankruptcies soar

23 November 1998

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.

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