Farm loan delinquencies greatest in 9 years as costs slump

Farm loan delinquencies greatest in 9 years as costs slump

WICHITA, Kan. (AP) — The nation’s farmers are struggling to cover straight right back loans after years of low crop rates and a backlash from international purchasers over President Donald Trump’s tariffs, with a vital federal federal government system showing the greatest standard price in at the least nine years.

Many agricultural loans come due around Jan. 1, in part to provide producers the full time to offer plants and livestock and also to provide them with more flexibility in timing interest re payments for taxation filing purposes.

“It is beginning to be a situation that is serious at least within the grain crops — the ones that produce corn, soybeans, wheat,” said Allen Featherstone, head regarding the Department of Agricultural Economics at Kansas State University. ادامه مطلب …