Kansas farm loan delinquencies low, loan demand heavy
April 23, 2017
WICHITA, Kan. (AP) — Kansas corn grower Tom Giessel talks wistfully about how he was out of debt just four years ago — before back-to-back years of low grain prices set his finances back a decade and forced him to borrow again to run his western Kansas farm.
The 64-year-old Larned farmer has been able to make his farm loan payments and pay his other bills thanks to record yields the past couple of years that have nearly doubled the bushels of grain harvested.
With commodity prices still low — and crops still piled up on the ground outside bulging grain elevators across Kansas — Gies...