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Midwest Farmers Face Deepening Farm Credit Crisis
Bankers across nine Great Plains states report rising refinancing and loan demand as low prices and inflation bite. USDA and Federal Reserve surveys show 73,000 farmers refinancing, 14,000 unable to meet obligations, with 45 percent of Kansas borrowers in serious trouble and wheat losses pressing producers. Bankers warn liquidity and loan capacity waning, signaling sustained strain into next year.
MENTIONED IN THIS ARTICLE
Wichita, Kan
Great Plains
Federal Reserve Bank of Kansas City
Kingfisher, Okla
Bank & Trust Co
U.S. Department of Agriculture
Federal Reserve
Kansas Bankers Group
USDA
North Dakota
South Dakota
Nebraska
Kansas
Oklahoma
Colorado
Montana
Texas
Kansas Bankers Association
Washington
Odd Willams
Lawrence
Kan