Short-Lived Agriculture Boom Leads to the Crisis (5) | 1980s Farm Crisis

Short-Lived Agriculture Boom Leads to the Crisis (5) | 1980s Farm Crisis
Short-Lived Agriculture Boom Leads to the Crisis (5) | 1980s Farm Crisis
Description

Extensive land loans, high land prices, and low interest rates combine in the 1970s to build the short-lived agricultural boom. This segment is part of the documentary The Farm Crisis, which examines the tragic circumstances faced by farmers for most of the 1980s, when thousands were forced into bankruptcy, land values dropped by one-third nationally, and sky-high interest rates turned successes into failures seemingly overnight.

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