National Ag News
House Ag Committee hearing focuses on rural economy
Feb 15, 2017, 13:30 PM
by
System
The House Ag Committee kicked off discussions ahead of the upcoming farm bill debate with a hearing on the Rural Economy.
Reports show that 1 in 10 farms are now highly or extremely leveraged with actual debt approaching levels prior to the 1980’s farm financial crisis.
Chairman Mike Conaway of Texas says he’s concerned that the current ag economy is headed down the same path.
Nathan Kauffman with the Omaha Branch of the Federal Reserve Bank of Kansas City says the 1980’s was a liquidity crisis that turned into a solvency crisis.
Continue reading House Ag Committee hearing focuses on rural economy at Brownfield Ag News.
