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Farm debt for land and equipment purchases soared during the 1970s and early 1980s, doubling between 1978 and 1984. Other negative economic factors included high interest rates, high oil prices and a strong dollar. Record production led to a fall in the price of commodities. Exports fell at the same time, due in part to the 1980 United States ...
A farm crisis is an American term for a time of agricultural recession, low crop prices and low farm incomes. The Interwar farm crisis was an extended period of depressed agricultural incomes from the end of the First to the start of the Second World War. The most recent US farm crisis occurred during the 1980s. [1] [2] [3]
President Ronald Reagan signing the act. In United States federal agriculture legislation, the Agricultural Credit Act of 1987 (Pub. L. 100–233, 101 Stat. 1568, enacted January 6, 1988) was enacted in response to the severe financial crisis of the early- to mid-1980s, which affected both farmers and their lending institutions.
That protest in 1979 drew attention to the problem but did little to alleviate it. What followed was the '80s Farm Crisis culminating in 1985, known as “the year of farm foreclosures.”
That year’s low level of support, the members charged, “presaged the farm financial crisis of the mid-1980s,” a disaster they argued could be repeated.
The threat of losing these beloved family farms has become a constant worry, affecting many farmers’ mental health and raising concerns of another uptick in suicides like during the 1980s farm ...
A year later, Reagan took power with the support of the Farm Bureau and ended the embargo on April 24, 1981, and therefore restored fertilizer détente which allowed shipments of natural gas, ammonia, urea and potash fertilizers to resume from the Soviet Union to the United States and shipments of phosphate fertilizer as superphosphoric acid to ...
A century of remarkable journalism wins 17 Pulitzer Prizes for the Des Moines Register. Here are the stories behind the prizes.