Why did the debt for farmers increase during the 1920s?

During the 1920s, farmers experienced increased debt due to several factors, including rising land prices and the expansion of mechanized farming, which led them to borrow heavily for equipment and land purchases. Additionally, after World War I, agricultural prices fell sharply as demand decreased, making it difficult for farmers to repay loans. This financial strain was exacerbated by overproduction, which further drove down prices. Consequently, many farmers found themselves in a cycle of mounting debt that they struggled to escape.