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Family farms face tough challenges, ISU economist tells House committee

Family farms face tough challenges, ISU economist tells House committee

Iowa farmers are being forced to use more working capital and short-term borrowing to meet their cash-flow obligations as market prices have fallen sharply over the last two years, Iowa State Uni­ver­sity’s (ISU) John Lawrence said in a testimony last week.

Lawrence, ISU associate dean for Extension Programs and Outreach and director of Agriculture and Natural Resources Extension, made the remarks to a subcommittee of the U.S. House of Representatives’ Small Business Committee.

If commodity prices continue to remain low, the financial conditions of most farmers will...




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