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.
Yes, it would be wiser to repay smaller debt of same interest rate first.
Farmers were in debt because they were paid little amount of money.
Youmad bro?
unable to repay ones debt
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
Texas farmers faced increasing debt in the late 1800s due to a combination of factors, including falling crop prices, high interest rates, and the cost of purchasing land and equipment. The overproduction of staple crops, particularly cotton, led to a surplus that drove prices down, making it difficult for farmers to repay loans. Additionally, natural disasters such as droughts and floods further exacerbated their financial struggles. As a result, many farmers became trapped in a cycle of debt that was difficult to escape.