Did farmers go on debt during the late 1800's?

Yes, many farmers went into debt during the late 1800s due to a combination of factors including falling crop prices, high interest rates on loans, and the costs associated with purchasing land and equipment. The financial strain was exacerbated by adverse weather conditions and increased competition in the agricultural market. As a result, many farmers struggled to repay their debts, leading to foreclosures and financial instability in rural areas. This situation contributed to the rise of populist movements advocating for economic reforms.