More financially distressed farmers are expected to lose their property soon as loan repayments and incomes continue to
Source: msn.com
More financially distressed farmers are expected to lose their property soon as loan repayments and incomes continue to falter
Story by Jason Ma • 3h •
Financial conditions in the agriculture economy are flashing more signs of strain as farmers’ costs remain high while prices for their crops stay low.
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Meanwhile, 21% of the lenders who responded to the survey said collateral requirements for farm loans rose in the third quarter, while none reported that requirements eased.
And an overwhelming 92% majority expect net cash earnings, including government payments, for crop farmers to be lower during the fall and winter than a year earlier.
As a result, nearly half the bankers surveyed see forced sales or liquidations of farm assets owned by financially distressed farmers rising in the next three to six months.
Read more: https://www.msn.com/en-us/money/markets/more-financially-distressed-farmers-are-expected-to-lose-their-property-soon-as-loan-repayments-and-incomes-continue-to-falter/ar-AA1Siajw?ocid=winp1taskbar&cvid=8fc62cc4502d4ea9dfd43a0c4ad3450f&ei=11
That 12B that Trump has promised farms will NOT help many!!
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