"In 1997, the National Bankruptcy Review Commission recommended that chapter 12 of the Federal Bankruptcy Code, the chapter that contains bankruptcy protection for family farmers, be made permanent"
About this Quote
The key move is the phrase “be made permanent.” Chapter 12 was created as an emergency-style response for family farmers, a temporary bridge in a sector prone to price shocks, weather disasters, and debt cycles. Keeping it temporary forces farmers to live with recurring uncertainty, and forces Congress into periodic performative rescue missions. Holden’s line quietly reframes permanence as stability, not special treatment.
The subtext is political triage. “Family farmers” is carefully chosen cultural shorthand: it conjures community, tradition, and a kind of economic innocence, separating them from “agribusiness” in the public imagination. That branding matters because bankruptcy protections can sound like rewarding failure. Holden’s wording steers the listener away from that frame and toward one of structural vulnerability: farmers aren’t reckless; they’re exposed.
Contextually, late-1990s agriculture was facing consolidation pressures and volatile markets, while Washington was deep into a broader fight over bankruptcy rules and creditor power. By citing the Commission, Holden is staking a claim in that larger battle: when the law tilts toward lenders, Chapter 12 is a rare counterweight for a politically sympathetic debtor.
Quote Details
| Topic | Money |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Holden, Tim. (2026, January 16). In 1997, the National Bankruptcy Review Commission recommended that chapter 12 of the Federal Bankruptcy Code, the chapter that contains bankruptcy protection for family farmers, be made permanent. FixQuotes. https://fixquotes.com/quotes/in-1997-the-national-bankruptcy-review-commission-131099/
Chicago Style
Holden, Tim. "In 1997, the National Bankruptcy Review Commission recommended that chapter 12 of the Federal Bankruptcy Code, the chapter that contains bankruptcy protection for family farmers, be made permanent." FixQuotes. January 16, 2026. https://fixquotes.com/quotes/in-1997-the-national-bankruptcy-review-commission-131099/.
MLA Style (9th ed.)
"In 1997, the National Bankruptcy Review Commission recommended that chapter 12 of the Federal Bankruptcy Code, the chapter that contains bankruptcy protection for family farmers, be made permanent." FixQuotes, 16 Jan. 2026, https://fixquotes.com/quotes/in-1997-the-national-bankruptcy-review-commission-131099/. Accessed 13 Feb. 2026.


