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Farm Foreclosures Threaten Rural Economies

Growing concerns over farm foreclosures are said to be the greatest challenge facing rural banks in Nebraska and other Midwest states.

Study author Creighton University economist Ernie Goss says about 10 percent of bank CEOs surveyed expect their operations to be hit hard by farm foreclosures in the next five years. Goss blamed the concern on weak farm income and low commodity prices.

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