US Farmers In "Dire Straits": JPM Warns Of Imminent Liquidity Crunch

Despite the government's 'advice' to young debt-laden students, the tragedy of the American farmer continueswith worryingly pessimistic views on the future of the industry. With farmland prices falling for the first time in almost 30 years, credit conditions are weakening dramatically and the Kansas City Fed warns that persistently low crop prices and high input costs reduced profit margins and increased concerns about future loan repayment capacity, and JPMorgan concludes, the industry is currently in dire straits with the potential for a liquidity crunch for farmers into 2016.


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