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Debt restructuring guarantee in high demand

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  • Heather Hampton Knodle

Abstract

Carryover of 1998 operating loans, high on-farm inventories and low commodity prices - especially hog prices - have forced many Illinois farmers to reassess their financial positions. The Illinois Farm Development Authority (IFDA) offers a debt restructuring guarantee that has allowed hundreds of farmers to stay in business and many banks to continue providing service to their clients. IFDA guarantees up to 85% of a loan up to $500,000.

Suggested Citation

  • Heather Hampton Knodle, 1999. "Debt restructuring guarantee in high demand," American Bankers Association, American Bankers Association > Journal of Agricultural Lending, vol. 12(3).
    • Handle: RePEc:ags:abajal:336473
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    File URL: https://ageconsearch.umn.edu/record/336473/files/ers2022-23-0430.pdf
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