Iowa farmers’ financial picture worsening; some lenders balk
Iowa Public Radio: A north Iowa business consultant is painting a picture of deteriorating finances for Iowa farmers, as the agricultural economy continues to languish. David Underwood of Mason City is one of three members of the Revenue Estimating Conference, which this week predicted essentially flat state tax collections this year due in part to weakness in the farm sector. Underwood said up to now, farmers had enough reserves to get them through the recent lean times.
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