Designing insolvency systems for small farm enterprises: beyond micro and small enterprise insolvency frameworks

Professor Virginia Torrie of Queen’s University argues that small, owner-operated farms require specialized insolvency frameworks that go beyond existing micro and small enterprise regimes, given their seasonal production cycles, integration of household and business assets, the unique role of farmland and the broader consequences of farm distress for rural communities and food security, drawing on comparative international experience and World Bank and UNCITRAL principles to propose an integrated approach combining insolvency law, mediation, agricultural policy and financial infrastructure to support the rehabilitation of viable farms in developing economies.

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