The 1987 Agricultural Recovery: A District Perspective
نویسنده
چکیده
In the ear’ly 1980s, however, it became evident that farm exports would decline and that farm income growth would fall short of earlier expectations. From 1980 to 1986, farmers lost $293 billion in equity as farm real estate values declined to r’eflect the lower’ earning potential. Moreover, as crop prices fell by 14,4 percent from 1980 to 1986, many farmers were unable to meet their debt obligations. Furthermore, they could not pay off their loans by selling their land because the debt on the land frequently exceeded the new, lower market values. As a result, many farmers went bankrupt.
منابع مشابه
The 1987 Agricultural Recovery: A District Perspective
In the ear’ly 1980s, however, it became evident that farm exports would decline and that farm income growth would fall short of earlier expectations. From 1980 to 1986, farmers lost $293 billion in equity as farm real estate values declined to r’eflect the lower’ earning potential. Moreover, as crop prices fell by 14,4 percent from 1980 to 1986, many farmers were unable to meet their debt oblig...
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