The Department of Agriculture is on track to provide record support of rural working capital in the current fiscal year. According to USDA Rural Development undersecretary Justin Maxson, the Department has invested $1.2 billion in loan guarantees to help rural businesses in 41 states, Guam and the Virgin Islands
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Like any other business, farming is typically more successful when more money is coming in than going out. But according to USDA farmers will see a 9% dip in net cash income and another rise in debt level for 2020.
“We're expecting debt to go up by about 2.3%,” said USDA ...