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.

See more