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Tag: crisis

who were the stakeholders of the 1980s farm crisis

who were the stakeholders of the 1980s farm crisis插图

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  • How did the farm crisis of the 1980s affect farmers?

  • The farm crisis of the 1980s. The early 1980s saw a farm recession where the financial crisis affected many Midwest farmers with heavy debt loads. Tight money policies by the Federal Reserve (intended to bring down high interest rates upwards of 21%) caused farmland value to drop 60% in some parts of the Midwest from 1981 to 1985.

  • What was the result of the farmers’strike of 1985?

  • On January 21, 1985, organizers held a rally that brought an estimated 10,000 people to the state capitol to call attention to the farm crisis. Demands included state-guaranteed operating loans, a 120-day moratorium on farm foreclosures, and fair prices for farm products.

  • What happened to Nebraska farmers in the 1980s?

  • At least a third of Nebraska farmers, for example, were in danger of loosing their farms. Delinquency on property taxes increased nearly 400 percent between 1980 and ’85. Banks in Nebraska were failing at rates that were the highest in the nation.

  • What was the economic crisis of the mid-80s?

  • A slowdown in the early-80s became a crisis of the mid-80s. At least a third of Nebraska farmers, for example, were in danger of loosing their farms. Delinquency on property taxes increased nearly 400 percent between 1980 and ’85. Banks in Nebraska were failing at rates that were the highest in the nation.

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