Farmer-Lender Mediation extension hailed a win for Minnesota farmers
Minnesota farm groups are welcoming the extension of farmer-lender mediation as the 2020 legislative session comes to an end.
Land Stewardship Project policy organizer Paul Sobocinski says despite the upheaval from COVID-19, lawmakers came together to help farmers.
“For example, the Farmer-Lender Mediation time period was extended from now to December first (allowing) an additional period of time to allow farmers to restructure (and) work out debt situations.”
He tells Brownfield Minnesota farmers in default have the right to choose mediation within 15 days of notifying their lender.
“In essence, that gives them a moratorium or period of protection of at least 150 days, or takes them to December first, whatever’s later. To allow some type of recovery from the devastating effects of COVID-19.”
Sobocinski says the ag finance and policy bills that passed include some more wins for farmers, including some additional funding for the farm advocate program.