"Financial stress is mounting in the Farm Belt, pushing more growers to take on high-interest loans outside traditional banks to stay in business," Jacob Bunge and Kirk Maltais report for The Wall Street Journal. "With crop prices stuck at low levels, traditional farm banks are placing stricter terms on farm loans and doling out less money, leaving cash-strapped farmers . . . to seek capital from more lightly regulated entities."
Read more here: https://www.wsj.com/articles/farmers-in-crisis-turn-to-high-interest-loans-as-banks-pull-back-11573381801?shareToken=st1e495e07b7e744bda36f00463eeda965
from The Rural Blog https://ift.tt/2q8gBbV More farmers turning to nontraditional, high-interest loans to make ends meet - Entrepreneur Generations
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