Canada World Debt Leader

[bucket]

There is $2T in consumer debt and another $2T in home mortgages out there. I would say another group will be in trouble first. Does a car or boat or house make any money? Farmer debt is a drop in the bucket compared to that.

But home buyers are getting help from the government on their mortgages .....farmers that help drive an economy are not....

[furrowtickler]

Canadian farmers have over $100 billion in farm debt! More debt than many countries that are considered basket cases. Farmers are also going to be in trouble if interest rates rise and inflation kicks in.

simply a reflection of over inflated land values, sky rocketing machinery prices and inputs over the past decade. And you are very correct with interest rates.
also in most cases the larger the farms get the higher the debt load becomes.
"basket case" countries are not facing the same situation so that is not even a viable comparison.