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Loan officer voices perspective on bankruptcy and farming
Val Farmer, a 23 year Ag Loan Officer at MeritCare in Fargo, argues banks work with farmers to avoid forced sales, detailing a yearslong counseling process. He stresses honesty and compassion, notes lenders’ local impact, and says many distressed farmers eventually leave farming happier with better credit, while a few hard cases persist.
MENTIONED IN THIS ARTICLE
Val Farmer
MeritCare
Fargo
Rapid City