Farmers Debt Load Highest Since the 80’s

Weather challenges, trade tensions, and long-term financial struggles continue to make life difficult in the U.S. agricultural sector. Farmers face almost $416 billion in debt this year, which is the highest number since the 1980s farm crisis. The Wall Street Journal says those headwinds are forcing an increasing number of farmers and ranchers to take on high-interest loans from lenders outside of the ag sector, just to stay in business.

But there may be a glimmer of hope in the ag economy. Joe Cornely reports from the Ag Bankers Association convention.