NEWS
Credit Begins to Crack
Elizabeth Williams DTN Special Correspondent
Mon May 4, 2015 12:57 PM CDT

INDIANOLA, Iowa (DTN) -- The farm financial ice is beginning to crack, reports from financial consultants, machinery dealers and bankruptcy attorneys show.

Andy Goodman, president of the Iowa-Nebraska Equipment Dealers Association, knows two situations beginning in March where the bank asked an equipment dealer to pay up on a lien for a piece of equipment a farmer had traded in. The dealer didn't know it had a lien against it.

"We haven't had these types of calls for years. But beginning in March, we've gotten several calls from worried dealers," Goodman said. What surprised the dealers is the equipment didn't ...

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