Posted: Wed 5:29 PM, Jan 30, 2013
Lending Away The Farm
Ag debt grows across the heartland.
Farm lending across the country soared in the final months of last year. The Federal Reserve says farmers and ranchers nationwide borrowed $94.7 billion in the fourth quarter.
That's up from $54 billion the previous year. Operating expenses and feed costs rose and there was a rush of year-end spending ahead of possible tax law changes.
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