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Major Bank Warns Of Imminent Problems In U.S. Farming Industry: “Dire Straits”

Despite the government’s ‘advice’ to young debt-laden students, thetragedy of the American farmer continues with worryingly pessimistic views on the future of the industry. With farmland prices falling for the first time in almost 30 years, credit conditions are weakening dramatically and the Kansas City Fed warns that persistently low crop prices and high input costs reduced profit margins and increased concerns about future …