Farm loan delinquencies highest in 9 years as prices slump
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March 1, 2019
WICHITA, Kan. (AP) — The nation's farmers are struggling to pay back loans after years of low crop prices and a backlash from foreign buyers over President Donald Trump's tariffs, with a key government program showing the highest default rate in at least nine years.
Many agricultural loans come due around Jan. 1, in part to give producers enough time to sell crops and livestock and to give them more flexibility in timing interest payments for tax filing purposes.
"It is beginning to become a serious situation nationwide at least in the grain crops — those that produce corn, soybeans, wheat," s...
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