Farm Loans
Farmers have to bet the farm on their yearly farm loans, just to stay in business. Federal loan programs don’t help most farmers.
Farmers have to bet the farm on their yearly farm loans, just to stay in business. Federal loan programs don’t help most farmers.
Net U.S. farm income went down 23% between 2022 and 2024. Total farm sector debt climbed to $542 billion.
Farmers are more and more indebted. They may be land rich, but they are increasingly cash poor. If they can’t find a lender to refinance, they lose their land.
A boondoggle for wealthy farmers and insurance companies. Taxpayers spend billions on it, but 47% goes to private insurance companies, and small farmers can’t get in on it.