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answer: The farmers interest rates on bank loans increased. So, many farmers were not able to jmake enough money to pay their loans.
Additionally, the US government had spent the previous decade encouraging farmers to buy more and more land and plant as much of it to crops as they possibly could. This created a huge crop surplus that took quite a few years to get worked down, lowering crop prices and making it impossible for the farmers to turn enough profit to pay for all the land they had bought at "land boom" prices. As a result, many farm families had to declare bankruptcy and leave the land. This was also the reason Willie Nelson (a famous US country singer) began the benefit concert series titled "Farm Aid". It wasn't until the early 1990's that the markets for both the crops and the land began to turn around enough to make farming profitable again.
What else can I help you with?
What problems bahamian farmers face?
they face lack of irrigation
Problems which rice farmers face?
Some animals may eat the crops of wheat so that rice cannot be grown.
What are factors which characteristics small scale farming?
Small-scale farming is characterized by limited land area, often operated by family or individual farmers. It typically relies on manual labor and traditional farming techniques, emphasizing sustainable practices and biodiversity. These farms usually produce a variety of crops and livestock for local markets, fostering community ties and promoting food security. Additionally, small-scale farmers often face challenges such as access to resources, markets, and technology.
How much do cow farmers make?
Cow farmers' income can vary widely based on factors such as location, scale of operation, and type of farming (dairy vs. beef). On average, dairy farmers in the U.S. might earn between $40,000 and $100,000 annually, while beef cattle farmers can see similar or lower figures, depending on market conditions. Additionally, profitability can be influenced by feed costs, milk prices, and livestock management practices. Overall, many farmers may face financial challenges due to fluctuating prices and rising operational costs.
What are the social economic status of farmers?
The socioeconomic status of farmers varies widely depending on factors such as location, type of farming, and access to resources. In many developing countries, farmers often face challenges such as low income, lack of access to education and healthcare, and vulnerability to market fluctuations. In contrast, farmers in developed regions may have better access to technology, markets, and financial services, resulting in higher income levels and improved living conditions. Overall, the socioeconomic status of farmers is influenced by a complex interplay of environmental, political, and economic factors.
What are modern problems farmers face?
thier wages are very low and it has become very difficult for the farmers to run thier family.
What problems bahamian farmers face?
they face lack of irrigation
What problems did Egyptian farmers face?
similar problems farmers face today- mainly irrigation and dealing with crop destroying pests
What problem farmers face in the Bahamas?
Bugs
John Steinbeck’s grapes of wrath tells about the struggles of?
" The Grapes of Wrath" by John Steinbeck tells the story of the Joad family, who are Oklahoma farmers displaced by the Dust Bowl during the Great Depression. They face poverty, discrimination, and exploitation as they travel to California in search of work and a better life. Steinbeck's novel explores themes of social injustice, resilience, and the human spirit in the face of adversity.
What danger did farmers face the 1880?
Farmers faced loosing their land because of hardships in paying their loans.
Is a moderately worn 100 bill from the 1980s worth more than its face value?
No
What danger did farmers face in the 1880s apex?
Farmers faced loosing their land because of hardships in paying their loans.
What hardships did farmers face in the 1800s?
Some of the hardships that farmers had to face were railroads charging excessive prices for farmers in the West to ship/store crops than those in the East, the price of crops was decreasing, and farmers had to mortgage their land to buy more property, which the banks would foreclose. Does this help?
What problems did farmers face in 1880s?
the Irish potato famine
What was the problem farmers face in regards to their currency?
farmers were paid paper money and they got treated like the british parliament. many farmers had fought the british.
What some problems farmers face in the Bahamas?
Some of the problems farmers face today are: insects, floods, labor cost, lack of fertile soil, poor transportation and poor marketing.
