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#FARM DEBT

Banks are tightening credit for farmers amid a rise in delinquencies, forcing some growers to turn to alternative sources of loans. The Chicago Fed earlier this year said the volume of the district’s farm-loan portfolio with major or severe repayment difficulties hit 5% in late 2015, which compares with 2.9% a year earlier and is the highest in more than a decade,  the Wall Street Journal reports.

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