A group of rural development companies has filed for bankruptcy protection, saying it cannot keep up with the rising cost of managing the nation’s most populous region.
The companies include National Rural Development Corp., which provides loans to farmers and ranchers, and the Rural Development Corporation of the U.S., which offers loans to state and local governments.
The companies’ filing for bankruptcy was filed in New York federal court.
The filing also cites uncertainty surrounding the U and Cures vaccine.
Rural development companies operate in the same way as big companies.
They provide financing to farmers to buy land and help them develop it into productive farms.
They help ranchers expand their operations and hire workers.
But the rise in prices of many of the companies’ products has prompted many of them to close, as well as to seek tax cuts, according to the filing.
The filing comes amid a national push to tackle the rising costs of rural communities.
The Trump administration has proposed $1.6 trillion in tax relief to help low-income Americans and others.
Some experts are worried that the proposal may not deliver the promised relief.
The U. and Cares vaccines are being developed in partnership between the U-M and the University of Michigan.
They are being sold by two companies, Medivac and Aetna.