Protection of Family Farmers Act of 2004

The Protection of Family Farmers Act of 2004 was designed to provide continued financial security for agricultural workers by extending the life of Chapter 12 of the Federal Bankruptcy Code. This specific chapter allows family farmers to reorganize their debts and keep their farms operating during periods of economic distress, rather than being forced into liquidation. By extending these protections for an additional 18 months, the bill aimed to ensure that farmers had access to specialized legal tools tailored to the unique seasonal and financial risks of the agricultural industry.