No repeat of farm crisis
Still, this downturn is unlike the 1980s farm crisis, say Northey and others.
Iowa farmers and investors purchased land with healthy down payments, limiting how much they're leveraged, experts say. And interest rates are significantly lower.
Farmers in the 1980s were paying rates as high as 20 percent, Northey said.
"We still have solid demand," he said. "We've just had some big production years — back to back."
American Cash-Strapped Farmers Struggle to Pay Cropland Rents
the coming years if interest rates remain low for a prolonged
period, Europe's insurance and pensions regulator warned in
2014. Since then, 10-year yields on German government
bonds have fallen to zero and the amount of European debt
trading with negative yields has swollen to around 3 trillion
euros ($3.33 trillion).
Linn Energy Says Bankruptcy May Be "Unavoidable"
"The writing has been on the wall for quite a while now," said Kevin Kaiser, an analyst at research firm Hedgeye. Kaiser recommended in 2013 that investors short Linn.