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Special Assignment (Farm Problems) #94642

ABC Evening News for Wednesday, Feb 06, 1985
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(Studio) Report introduced
REPORTER: Peter Jennings

(Sheridan, Iowa) Econ. crisis among Midwest farmers examined; recent demonstrations in Iowa and Minnesota recalled. Films shown. [Iowa Governor Terry BRANSTAD - fears catastrophe if aid isn't forthcoming.] Factors underlying today's crisis, beginning in 1970s, explained. [Agri-econ. Dr. Neal HARL - claims large number farmers are sliding into insolvency.] Percentage of Midwest farmers legally insolvent mentioned. [BRANSTAD - notes snowball effect with banks.] [Farmer Harold SPAUR - assumes responsibility for his debts.] [Banker Burton CROSS - describes economy dislocation in town due to farm losses.] [Farmer Harris KUIPER - hopes to keep indebtedness down by not using credit.]
REPORTER: Jay Schadler

Jennings, Peter;
Schadler, Jay

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