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A decrease in demand led to farmers not being able to pay back their substantial loans

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What was a contributing factor to the farming crisis of the 1980s?

A decrease in demand led to farmers not being able to pay back their substantial loans.


Which was a contributing factor to the farming crisis of the 1980s?

A decrease in demand led to farmers not being able to pay back their substantial loans.


A contributing factor to the farming crisis of the 1980s?

A significant contributing factor to the farming crisis of the 1980s was the sharp decline in commodity prices, which followed a period of high prices in the late 1970s. This price drop, combined with rising interest rates and increased production costs, led many farmers to struggle with debt and reduced income. Additionally, changes in government policies and international trade dynamics further exacerbated the financial challenges faced by the agricultural sector during this period.


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