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Rural ripple: Financial crisis likely to impact agricultural lending


FARGO, N.D. -- The Wall Street crisis may have impacts on farm lending, but perhaps a more apparent and immediate impact may be on U.S. farm policy and the support structures.

David Kragnes, a Felton, Minn., farmer and a board member for CoBank, a $65 billion Farm Credit System lender based in Denver, says the Farm Credit System is in a strong position to take care of farmers' needs, but that doesn't mean times won't be challenging.

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