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The Farm Financial Crisis - Socioeconomic Dimensions And Implications For Producers And Rural Areas (Hardcover)
Loot Price: R4,128
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The Farm Financial Crisis - Socioeconomic Dimensions And Implications For Producers And Rural Areas (Hardcover)
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After nearly a decade of prosperity, rural America entered the
1980s with its agricultural base facing a severe financial crisis.
Land values, export markets and the general demand for agricultural
commodities were declining while the levels of indebtedness reached
during the 1970s were becoming increasingly difficult to manage. By
the middle of the 1980s, the existence of a crisis was apparent in
farm failure rates that had reached levels that had not occurred
since the 1930s and in the fact that large numbers of agricultural
banks were failing and agencies that provide loans to farmers and
ranchers were experiencing unprecedented losses. Small towns in
agriculturally dependent rural areas were losing businesses,
populations and related services, and extremely high rates of
socioemotional problems were noted among rural residents in
agriculturally dependent areas of the nation.
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