Agricultural Receivership

Agricultural receivership is a legal process that occurs when a farming operation can no longer pay its debts. In this situation, a receiver—typically a court-appointed professional—takes control of the farm's assets to manage them effectively. The goal is to stabilize the operation, sell assets if necessary, and pay off creditors. This process helps ensure that the farm can continue to function, protect jobs, and potentially recover financially while also addressing the debts owed. It balances the interests of the farmers, creditors, and the agricultural community.