The USDA has temporarily suspended past-due debt collections and foreclosures for distressed borrowers under the Farm Storage Facility Loan and the Direct Farm Loan programs.
Bankers are expecting an increase in farm loan foreclosures. Arkansas Ag officials are being sued due to a proposed ban on a weed killer linked to widespread crop damage. an increase in farm loan foreclosures is expected by some bankers. Cargill is expanding, signed an agreement to buy Diamond V.