In Midwest, Farm Economy Outlook Not So Rosy

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Elliot Chapman’s tractor and hay baler in a field of alfalfa. Chapman had to sell most of his equipment at a loss when he ran into financial trouble. (Courtesy Elliot Chapman)

Farmers have been harvesting record-breaking crop yields over the last few years.

But there’s a downside. Prices for commodities like corn and wheat are at their lowest point in a decade. Banks that lend to farmers expect fewer producers will be able to pay back their loans.

Grant Gerlock (@ggerlock) from Here & Now contributor Harvest Public Media looks at whether that’s a sign of trouble for the rest of the farm economy.

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