Farm loan delinquencies greatest in 9 years as costs slump

WICHITA, Kan. (AP) — The nation’s farmers are struggling to pay for straight back loans after many years of low crop costs and a backlash from foreign purchasers over President Donald Trump’s tariffs, with a vital government system showing the greatest default price in at the very least nine years.

Numerous agricultural loans come due around Jan. 1, in component to offer producers the time to offer plants and livestock and also to let them have more flexibility in timing interest re payments for income tax filing purposes.

“It is just starting to turn into a severe situation nationwide at least when you look at the grain crops — the ones that create corn, soybeans, wheat,” said Allen Featherstone, mind of this Department of Agricultural Economics at Kansas State University. 続きを読む Farm loan delinquencies greatest in 9 years as costs slump