“Government Loan Program Runs Dry, Putting Squeeze on Farmers,” a recent NBC News story, explored how in agricultural communities across the country, financial worries are growing as quickly as farmers’ unprofitable crops. “They’re suffering from the worst agricultural slump in more than a decade — and a major source of federal assistance has run dry,” noted the piece.
Dale Moore, AFBF’s chief lobbyist, provided some context in the article regarding the status of financial aid for farmers provided by the Agriculture Department’s Farm Service Agency.
“Those programs have reached their borrowing limit,” Moore said, adding that the FSA “tends to be viewed as a lender of last resort.”
Want more news on this topic? Iowa Farm Bureau members may subscribe for a free email news service, featuring the farm and rural topics that interest them most!