What farm crises occurred during the Reagan Administration?

Answer 1

During the Reagan Administration, the U.S. experienced a significant farm crisis characterized by low commodity prices, high interest rates, and increased foreign competition. These factors led to widespread financial distress among farmers, resulting in a wave of farm foreclosures and bankruptcies. The government's response included programs aimed at providing relief, but many farmers struggled to survive throughout the decade. The crisis highlighted the vulnerabilities in the agricultural sector and sparked debates about agricultural policy and support systems.