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Economy: Farmers / Foreclosure #112905

ABC Evening News for Tuesday, Nov 15, 1988
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(Studio: Peter Jennings) Govt. warning to farmers about overdue loan noted. Report introduced.

(Ringgold Cnty., Iowa: Chris Bury) Status of loan to farmers from Farmers Home Admin. featured; scenes shown of Iowa farmer Bob Andrews plowing fields. [ANDREWS - discusses financial predicament.] [Farmers' advocate Dan LEVITAS - says many will lose farms.] Suspicion about timing of foreclosure notices week after election noted. [Senator Patrick LEAHY, Farmers Home Admin. Vance CLARK - discuss timing of notices.] Prospect of many farmers renegotiating their loans discussed. [Iowa State Univ. Dr. Neil HARL - compares foreclosure situation to earlier years.]

Bury, Chris;
Jennings, Peter

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