the quickest way to for farmers to repay that dept: cash crops
Sell their crop and pay with the money they earned from the selling.
Farmers were in debt because they were paid little amount of money.
Youmad bro?
Creditworthiness
A judgement for debt - is a ruling by a court - detailing what and how much the debtor must pay (and any time-limit to repay the debt).
Sell their crop and pay with the money they earned from the selling.
they thought inflation would help them out of debt. many farmers were caught in a cycle of constant debt.
Farmers were in debt because they were paid little amount of money.
Yes, it would be wiser to repay smaller debt of same interest rate first.
unable to repay ones debt
Youmad bro?
Creditworthiness
they give people their harvest
During the 1920s, farmers experienced increased debt due to several factors, including rising land prices and the expansion of mechanized farming, which led them to borrow heavily for equipment and land purchases. Additionally, after World War I, agricultural prices fell sharply as demand decreased, making it difficult for farmers to repay loans. This financial strain was exacerbated by overproduction, which further drove down prices. Consequently, many farmers found themselves in a cycle of mounting debt that they struggled to escape.
50%
use swag
New technology helped send farmers into debt