American farmers are in debt to the tune of $409 billion, up from $385 billion last year and reaching levels of the 1980s agriculture crisis, the agriculture secretary told Congress Wednesday. And loan demand among farmers is "historically high," Sonny Perdue added, per Reuters . Low interest rates and stable land...Thursday, February 28, 2019
Farm Debt Hits Levels Not Seen Since 1980s Crisis
American farmers are in debt to the tune of $409 billion, up from $385 billion last year and reaching levels of the 1980s agriculture crisis, the agriculture secretary told Congress Wednesday. And loan demand among farmers is "historically high," Sonny Perdue added, per Reuters . Low interest rates and stable land...
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