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New technology helped send farmers into debt
Farmers were having good seasons which caused overproduction. It's a simple supply/demand problem. The supply increased while demand stayed the same and farmers were losing money on their crops.
Then, it got a heck of a lot worse in the 30s when the dust bowl came and nothing would grow. The 20s and 30s were crappy times to be a farmer.
They had to borrow money to buy seed, fertilizer, and equipment. -Apex
One fact about American farmers in the 1880's was that new technology helped send farmers into debt.
they had to borrow money to buy seed, fertilizer, and equipment (apex)
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