Farm Progress: This isn’t the ’80s

The Farm Financial Crisis of the 1980s is seemingly manifested with each disheartening report of low farm income or high interest rates, slim margins or poor prices.

In contrast, bankers, economists and financial advisors looking at today’s numbers see significant differences – largely positive advantages – for farmers to weather the current financial storm.

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Interest rates are half what they were. “Interest expense is still manageable,” says Jackson Takach, chief economist at Farmer Mac.

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