Crisis: The Farm Bust Of The 1980s

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Farm economy was booming in the 1970s. According to the article, “Crisis in Agriculture”, economic factors were good in the 1970s because interest rates were low, foreign markets were booming, and land prices were reasonable. When the 1980s rolled around, the farm economy changed for the worse. The Federal Reserve increased interest rates to try and combat the rising inflation. However, the piece “Farm Bust of the 1980s” states that this just increased the cost of doing business. Farmers found themselves at the center of a problem that only got worse with time. Land prices dramatically increased and foreign markets no longer had a high need for exports. On top of all this, farmers had racked up debt and had no way to pay it back. Thus, the …show more content…

Many farm families could not afford basic medical care or toiletry supplies. Farmers reluctantly turned to food stamps and free food lines to feed their families. This was tough for farmers because they had always been independent people and now had to rely on others to feed their families. The article “Crisis in Agriculture” explains that farmers lost their farms because they could not pay back their loans. In Fayette County, Iowa, three out of four farms have gone out of business since the 1980s (Reding 25). The loss of their farms greatly affected Iowa farmers. The video Causes of the Farm Crisis, states “being displaced from farming was more than a loss of a piece of real estate but a [loss of] part of one’s identity, heritage, and status”. The pain was deeply rooted in their lives. Many farmers could not bear to live with the shame of their economic circumstances and resorted to suicide. According to the article “Farm Crisis Results in Suicide and Murder”, during the farm crisis, suicide increased to four times the average rate for farm people in that …show more content…

The rising unhappiness during this time was, in part, caused by unemployment skyrocketed to twice the national level (Reding 13). Needless to say, with the unemployment so high, people were not happy. They turned to meth, which was known for making people feel good (Reding 47). According to Reding, “meth charts the fears people have and the vulnerabilities they feel, both as individuals and as communities” (Reding 16). The fears and vulnerabilities people felt were rooted in their economic difficulties and unemployment. Those who were lucky enough to be employed used meth or “crank” because they could work harder, longer, and more efficiently while they were on

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