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May 23, 2016 | Bismark Tribune

Farm Bust May be on Horizon

Sales of farm machinery and construction of grain handling and livestock infrastructure will shrink

Farm Bust May be on Horizon

The U.S. Department of Agriculture predicts farmers will produce a record corn crop in 2016. I predict that 2016 will go down in farm history for another reason: This is the year in which a farm financial crisis will become national news.

Don’t be alarmed. People over 50 in farm states will recognize the term “farm financial crisis” from the 1980s, when a land boom begun a decade earlier finally popped. High numbers of farmers went bankrupt. Millions of acres of land were foreclosed upon. Hundreds of banks failed. To read more click here.

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