News

Farmer debt steadily increasing

A new report from the Illinois Farm Business Farm Management Association says national agricultural debt is forecasted to be the highest since the mid-80s for 2017 and 2018.

Researchers say national ag debt has increased by an average of about four percent since 1990.  Interest per tillable acre has also been increasing since 2013.

The report says with lower crop prices and higher inputs, debt per acre is expected to increase, making it even more critical for farmers to monitor financial decisions.