Farm debt is expected to hit $500 billion this year

Farm debt is expected to hit half a trillion dollars this year, according to USDA’s Economic Research Service.

Their reports show producers up to 44 years old have the highest debt-to-asset ratio but note that it is at 15 percent, which they consider low for that group.

They also say farm assets have grown, which helped “the solvency of large, midsize and small farms.”