Try to keep any asset sale voluntary - you control it. Avoid forced sales where banks, and creditors control things. These result in bargain priced auctions and serious loss of your equity. This is never desirable, but it may preserve a little equity and it may provide some tax protection. It is important to consult a CPA and consult an attorney.
Alternatives Sell out and start over.
Off-farm employment may be a mixed blessing. This might only prolong the agony. It may be best to retire from farming and find other means to provide for the family needs. New career opportunities do exist in our economy at the present time. Check Heroes Abraham Lincoln continued to pursue his goals despite numerous setbacks.