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Economic Perspectives, Vol. 4, No. 2, 1980
Problems facing agricultural banks
Growth in farm debt picked up sharply in the 1970s. During the past ten years, farm debt has risen at an annual rate of 11.7 percent, compared with 7.5 percent in the 1950s and 1960s. Outstanding farm debt now totals $160 billion, three times the total of ten years ago.
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