Why did farmers in the 1900s have a difficult time paying off their debts?

Farmers in the 1900s faced difficulties in paying off their debts due to a combination of factors, including fluctuating crop prices, increased competition, and high interest rates on loans. Many farmers were heavily reliant on credit to purchase land and equipment, and when crop yields were poor or prices dropped, they struggled to generate enough income to cover their expenses. Additionally, environmental challenges, such as droughts, further exacerbated their financial instability, leading to widespread foreclosures and economic hardship in rural areas.