Highlights

Farm debt outstanding increasing steadily

Farm debt outstanding at December 31, 2008 rose to $59.1 billion, up 5.9% from December 31, 2007, continuing the steady upswing since 1993. For the third consecutive year, mortgage debt was greater than non-mortgage debt. In 2008, mortgaged debt rose 5.8% to $30.3 billion, while non-mortgaged debt rose 6.0% to $28.8 billion.