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Harl was actively involved in advising state and federal policy-makers on the nature and severity of the crisis. Here he identifies contributing economic forces; describes efforts to deal with the problem; recounts experiences in dealing with politicians, bureaucrats and others; and identifies 12 lessons that should have been learned from the farm debt crisis. Annotation(c) 2003 Book News, Inc., Portland, OR (booknews.com)
Explores the social impact of the farm debt crisis of the 1980's through interviews with members of an agricultural community.
This study presents the results of the multi-country study for farm debt in five Commonwealth of Independent States (CIS) countries - Belarus, Kazakhstan, Moldova, Russia, and the Ukraine. It offers a comparative analysis of the level and composition of farm debt in these countries and reviews the major reasons for farm debt accumulation in the 1990s.
After nearly a decade of prosperity, rural America entered the 1980s with its agricultural base facing a severe financial crisis. Land values, export markets and the general demand for agricultural commodities were declining while the levels of indebtedness reached during the 1970s were becoming increasingly difficult to manage. By the middle of the 1980s, the existence of a crisis was apparent in farm failure rates that had reached levels that had not occurred since the 1930s and in the fact that large numbers of agricultural banks were failing and agencies that provide loans to farmers and ranchers were experiencing unprecedented losses. Small towns in agriculturally dependent rural areas were losing businesses, populations and related services, and extremely high rates of socioemotional problems were noted among rural residents in agriculturally dependent areas of the nation.