IABRN — When you have a year of low commodity prices, natural disasters, or trade wars, it can affect a farmer’s bottom line.
If you are piling up consecutive years of more than one of these challenges, it can lead to a crisis for farm operations. Farmers are having trouble reworking their debt and securing capital to start the 2020 year. Some are turning to less than conventional lending sources, which could further jeopardize the future of the farm. Iowa Congresswoman Cindy Axne (D-3rd) had some questions for the Chairman and CEO of the Farm Credit Administration (FCA), Glen Smith, in the committee chambers.
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