Agricultural lenders in Oklahoma, Texas, and Kansas are facing a potential bumper crop of bad loans amid a drought that has nearly wiped out the region's winter wheat crop.

In Oklahoma, officials are predicting that at least 10% of the state's farmers will go bankrupt this year. The weather is the driest it has been in 40 years, and the wheat crop - the agricultural staple of the region - is expected to be the smallest in 25 years.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.