Rural Bank Failures May Hit Farms and Towns Soon
A Rural Development Perspectives report from the Agriculture Department warns that while farm and small-town residents have felt little impact so far, upcoming rural bank failures could rise. From 1983 to 1985, 239 commercial banks failed, 137 rural, with 185 reopening under new ownership. The FDIC’s role and credit access for borrowers are tightening, signaling potential slower rural growth despite an overall stable national banking system.
MENTIONED IN THIS ARTICLE
America
Agriculture Department
FDIC
Figs destined for school lunch program and bank stress notes
Figures show the Agriculture Department will buy 1,120 tons of dried figs for shipment Sept 16 to Oct 31, to be donated to child nutrition and elderly feeding programs. The FDIC notes failures stem from undercapitalization and costly deposits, while a farm economy downturn is linked to several bank collapses. Also, producers with 1985 price-support loans may extend for 12 months to ease harvest storage, with the Commodity Credit Corp paying storage costs except for soybeans. Loan extensions require requests 60 days before due dates.
MENTIONED IN THIS ARTICLE
Agriculture Department
James C. Handley
Agricultural Marketing Service
Richard E. Lyng
Lyng
Commodity Credit Corp
The
Agricultural Stabilization and Conservation Service
Wisconsin farm equipment providers listed by name and town
A short directory-style listing shows Richartz Implement Swoboda Impl. Bloomer Hickka Impl. Ellsworth Kalepp Equip. Chili Imp. Co. Stratford Farmers Co op Thorp Area Equip. Inc. all with Wisconsin locations and contact numbers.
Also Mentioned on This Page
Washington, D.C
Federal Deposit Insurance Corp
Rural Development Perspectives
Department
Economic Research Service
Gregory Gajewski
Federal Reserve
Nvesti
Emh L
Lena
Jones Farm Store Inc
Manawa
Mader’s Sales & Service
Sherwood
Walders Imp. Inc
Stanek’s Inc
Chippewa Falls, WI
Swoboda Impl
Bloomer, WI
Hickka Impl
Ellsworth, WI
Kalepp Equip
Abbotsford
Chili Imp. CO. Inc
Chili
Stratford Farmers Co-Op
Atford
Area Equip., Inc
Thorp, WI
Eckel Imp. CO
Whitehall
Arcadia
Anderson Auto CO
Arkansaw
Koller & CO
Durand
W.H. Lien, Inc
Hixton, WI
Dean
Baler
Gehl
Agri
Modena, WI
Volds, Inc
Osseo
Bents Motors, Inc
Comstock
Ridgeland Farmers Union
Ridgeland
Cashton
Koenecke Equip
Reedsburg
Simpson’s Ford Tractor
Richland Center
D & D Equip. CO
Chilton
Palmer & Dunbar
Elkhorn
Esville
John P. Lochen CO
Newburg
A.H. Bluemee & Sons
Rosendale
Salem
Hanley
Sun Prairie
Waupun Equip
Waupun
Wenewater
REW Motors, Inc
Birnamwood
Hingham
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