Newsweek - America's farmers are locked in a generational crisis, fending off an array of threats that could jeopardize food supplies and spell financial disaster for those often hailed as the "backbone of the nation."...
The current storm of rising debt, declining commodity prices and labor shortfalls has begun to echo the great Farm Crisis of the 1980s and may be testing the love farmers hold for their profession.
But the current storm of rising debt, declining commodity prices and labor shortfalls has begun to echo the great Farm Crisis of the 1980s and may be testing the love farmers hold for their profession.
Farm sector debt is expected to reach a record $561.8 billion in 2025, according to data from the U.S. Department of Agriculture, up 3.7 percent from 2024. The Kansas City Federal Reserve has attributed this primarily to increased lending for small- and mid-sized farms.
No comments:
Post a Comment