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Farm Loan Delinquencies Are Up Nationally But Down In Indiana

rows of soybeans

Foulke says Indiana farmers are delinquent on a much lower percentage of loans than those in other states. (Steve Burns, WTIU/WFIU News)

Farm loan delinquencies across the country are up significantly from this time last year, but the situation isn’t as grim in Indiana.  

While the national rate is nearly 20 percent, Indiana remains near the bottom with about 4 percent of borrowers delinquent.

Greg Foulke is the Farm Loan Chief for the Farm Service Agency in Indiana. The organization provides loans to farmers across the state. He says the overall financial health of Indiana farmers is good.  

"Especially in 2018, they made up for lower prices with higher yields," he says. "It kind of works out that way sometimes, but in general the financial health of our Indiana farms is pretty good."

The low rate of delinquencies in the state comes at a time when farmers are experiencing lower profits and increasing uncertainty due to trade disputes with China.

Want to contact your legislators about an issue that matters to you? Find out how to contact your senators and member of Congress here.

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