Determinants of the Repeated Farm Bankruptcy

Manish Sharma, Will Secor, Adam Rabinowitz and Paul Goeringer

No 360678, 2025 AAEA & WAEA Joint Annual Meeting, July 27-29, 2025, Denver, CO from Agricultural and Applied Economics Association

Abstract: The determinants of repeat Chapter 12 bankruptcy filings are assessed for the state of Georgia from 2008 to 2018. The probability of repeat filing is estimated using a logistic regression on the filer’s financial characteristics, filing/procedural circumstances, and the economic conditions at the time of the filing. US courts’ PACER tool and FJC’s IDB are utilized as the major data sources for the formulation of unique datasets for classifying and categorizing future filings. The total liabilities, one-year lagged prime rate, and dismissal in the prior case are positively associated with the probability of repeat filing. In contrast, a negative association of repeat filing is observed with total assets, farm earnings, and the percentage change in employment. We conclude that the filer’s financial, filing situation, and economic environment at the time of filing all contribute significantly to the occurrence of recurrent farm bankruptcy filings by the same entity.

Keywords: Agricultural Finance; Farm Management (search for similar items in EconPapers)
Pages: 25
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea25:360678

DOI: 10.22004/ag.econ.360678

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