{"id":26582,"date":"2026-02-24T15:01:13","date_gmt":"2026-02-24T20:01:13","guid":{"rendered":"https:\/\/tvdelmarva.com\/wp\/midwest-farm-bankruptcies-climb-legal-expert-recommends-financial-planning\/"},"modified":"2026-02-24T15:01:13","modified_gmt":"2026-02-24T20:01:13","slug":"midwest-farm-bankruptcies-climb-legal-expert-recommends-financial-planning","status":"publish","type":"post","link":"https:\/\/tvdelmarva.com\/wp\/midwest-farm-bankruptcies-climb-legal-expert-recommends-financial-planning\/","title":{"rendered":"Midwest Farm Bankruptcies Climb, Legal Expert Recommends Financial Planning"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"375\" src=\"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/02\/news-1771963273036.jpg?resize=500%2C375&#038;ssl=1\" alt=\"\" class=\"wp-image-26581\" srcset=\"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/02\/news-1771963273036.jpg?w=500&amp;ssl=1 500w, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/02\/news-1771963273036.jpg?resize=300%2C225&amp;ssl=1 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/figure>\n\n\n<p>As agricultural bankruptcies climb throughout the Midwest this year, a legal expert is recommending that farmers take proactive steps to protect their operations through comprehensive financial planning.<\/p><p>Joe Peiffer, an attorney with Ag and Business Legal Strategies, emphasizes that conducting thorough financial assessments could serve as an essential tool for managing risk. According to Peiffer, examining loan agreements and monitoring operational costs may help agricultural producers prevent defaulting on their financial obligations.<\/p><p>&#8220;If things aren&#8217;t going to work in a restructuring mode, they might have to look&#8221; at other options, Peiffer noted, suggesting that early intervention could make the difference between saving a farming operation and losing it entirely.<\/p>","protected":false},"excerpt":{"rendered":"<p>Agricultural bankruptcies are increasing throughout the Midwest in 2025, prompting legal experts to recommend proactive financial planning. An attorney specializing in agricultural law suggests farmers conduct thorough financial reviews and expense tracking to prevent loan defaults.<\/p>\n","protected":false},"author":4,"featured_media":26581,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[862],"tags":[],"class_list":["post-26582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agriculture"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/02\/news-1771963273036.jpg?fit=500%2C375&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pbtNqq-6UK","jetpack-related-posts":[{"id":28128,"url":"https:\/\/tvdelmarva.com\/wp\/delaware-farmers-may-face-tax-increases-on-equipment-trades-starting-2026\/","url_meta":{"origin":26582,"position":0},"title":"Delaware Farmers May Face Tax Increases on Equipment Trades Starting 2026","author":"Admin","date":"February 26, 2026","format":false,"excerpt":"Agricultural legal expert warns that Delaware farmers trading in equipment this year could see higher tax bills due to changes in federal tax law. 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