farm crisis
Rural economic disaster
A farm crisis is a period of severe economic distress in agricultural communities, marked by falling crop prices, rising debt, and widespread farm foreclosures.
The term often refers specifically to the American farm crisis of the 1980s, when high interest rates and declining land values devastated rural economies: The farm crisis forced thousands of families off land they'd worked for generations.
Farm crises typically follow boom periods when farmers borrowed heavily to expand.
- mental healthEmotional and cognitive well-being
- floodingOverwhelming water accumulation
- debtMoney owed another
- droughtProlonged water scarcity
- bankruptcyLegal status when insolvent
going under · penny auction · selling out · foreclosure · interest rates · soil erosion · rural poverty · migration · food insecurity · commodity prices · generational shifts · land loss · Dust Bowl · pest infestations · crop failure · price controls · trade agreements · labor shortages
- frontier lifehomesteaders, homesteading, shepherd, pioneer women, pioneer families
- Depression EraGreat Depression, Hooverville, breadline, dust storms, soup kitchen
- Midwest historyChicago, Detroit, Great Lakes, Mississippi River, Ohio River
- rural declinedepopulation, rural exodus, brain drain, outmigration, dying towns
- Saskatchewan HistorySaskatoon, NDP, grain elevators, homesteading, prairie settlement
- Alberta HistoryEdmonton, Calgary, Banff, homesteaders, settlers
farm crisisfinancial crisis
Severe economic system breakdown
banking crisis · housing crisis · industrial decline · dot-com crash
farm, crisis, farms, farmed, farming, farmer, farmers, farmland, farmhouse