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Insolvent Farms Rise as 6.5 Percent Face Distress in 1985
An Agriculture Department study shows one third of family-size commercial farms owe nearly half of all farm debt and 6.5 percent are insolvent or near insolvency, higher than Reagan’s veto remarks. The report cites 1985 figures with 6.3 percent technically insolvent and 7.4 percent in extreme distress, amid a weak dollar and high interest rates.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Reagan
John R. Black
David L. Boren
D-Okla
Agriculture Committee
Tess
United States
David Pryor
D-Ark
White House
Marlin Fitzwater
Fitzwater
Premuser Sua
Fitgwater
Agri