In this undated photo, a farmer harvests soybeans on land east of Willmar. According to the U.S. Department of Agriculture’s Economic Research Service, net farm income has reached record levels for farmers, enabling more crop farmers to pay off their government loans and look to private lenders for financing. Tribune photo by Gary Miller
Gains allow more farmers to pay off govt. loans, seek other lending sources
WILLMAR — Higher grain prices and resulting increased income are enabling more crop farmers to pay off their government loans from the Farm Service Agency and look to private lenders for financing.
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