Credit crunch for farm renters compounds stress on U.S. growers
Story Date: 6/20/2016

 

Source: BLOOMBERG, 6/14/16


American farmers who expanded production using rented land during the commodity boom a few years ago are now struggling to repay loans. A crop glut has eroded prices and sent profit to a 14-year low, but rents have barely budged and debt levels are the highest in more than three decades, government data show. 

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