Troubled Farm Loans in Minnesota on the Decline
Kare 11 Minneapolis = St. Paul Minnesota
March 4, 2013
For the past year, mediation requests for troubled loans have declined about 5 percent. These mediation requests typically involve a farmer who has encountered serious financial trouble and cannot repay loans. Dick Senese, senior associate dean of the University of Minnesota Extension, notes that mediation requests have fallen from 3,100 the previous year to just over 2,900.