With crop prices at near-record lows, farmers are earning less, borrowing less, and taking more time to repay bank loans. In fact, agricultural lenders fear many of their customers will be out of business next year.

"This is probably the toughest period for commodity prices I've seen in a while-maybe ever," said B.A. Donelson, president of First State Bank in Stratford, Texas.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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