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Our Social Enterprise Mark. Send Sending. Log in with your credentials. Some bankruptcy attorneys said costlier terms from nonbank lenders can make it hard for farmers to shore up their finances.
Peiffer said. He said the farmer, who declined to be interviewed, has liquidated his operation. Other farmers said alternative lenders gave them a lifeline when no one else would.
John Bulman, who raises cabbage and grain near Elizabeth City, N. The bank had a lien on his crops, Mr. Bulman said, and he needed fresh cash to finish harvesting and selling them. Alternative lenders said new technology allows them to keep closer tabs on crops to make sure farmers are on track to meet their payment terms.
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