Sunday, April 19, 2009

Recession Affecting Farmers


Add farmers to the long list of people negatively affected by the recession's long a deep reach.

Similar to the way that many are unable to afford their mortgage, farmers are unable to pay on their equipment.

Reuters: Like a weed, downturn sinks roots into U.S. farms
...a spike in delinquencies on loans tied to farm equipment as well as layoffs and a restructuring at Deere & Co, have suggested farmers -- and the companies that supply them -- are feeling the pinch.

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