The financial conditions are not as dire as they were in the 1980s, but after a 50% slide in net farm income since 2013, if conditions persists, it won’t be good for the health of the countryside.
An estimated one in 10 farms are now highly or extremely leveraged. Nominal debt levels are at all-time highs, and real debt levels are approaching where they were prior to the 1980s farm financial crisis, House Agriculture Committee chairman Mike Conaway (R., Texas) said at the start
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