(Agriculture Online) -- Agriculture Online reports that there has been "a rise farm loan delinquencies in the last twelve months, according to a commercial lending research company." "Bill Phelan, president of PayNet, Inc., which tracks commercial lending activity in 23 different markets ... says lending trends show that the agricultural industry has the largest increase in borrowers falling behind on loan payments by 90 days or more, for the last 12-month period." "While the numbers don't yet indicate the sky is falling on U.S. farmers, it does show there may be more who are having trouble making ends meet" and that "the weak economy is catching up with the entire agricultural industry." But Phelan adds that "farmers are still in pretty good shape" and that "farmers still maintain just an average rate of loan delinquencies."
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http://www.agriculture.com/ag/story.jhtml;jsessionid=EXYBN00T4ICVZQFIBQNR5VQ?storyid=/templatedata/ag/story/data/1236608481911.xml
