How did the role of agriculture worsen the bank failures of the Great Depression?

Agriculture played a significant role in worsening the bank failures of the Great Depression due to a combination of falling crop prices and widespread farmer bankruptcies. As agricultural prices plummeted in the 1920s and early 1930s, many farmers could not repay loans taken out for land and equipment, leading to increased defaults. This surge in loan defaults put immense pressure on local banks, particularly in rural areas, which were heavily invested in agricultural loans. Consequently, the resulting wave of bank failures further destabilized the economy, deepening the financial crisis.