WICHITA, Kan.  — Nearly one in five government farm loans are delinquent.

Years of low crop prices are being blamed as the nation’s farmers are struggling to pay back their loans.

The government farm program is reporting the worst January default rate in at least nine years.

The bulk of the nation’s agricultural loans typically come due around Jan. 1 for seasonal and tax planning purposes.

 

Photo by Noah Buscher on Unsplash