Recourse and Non-recourse Debt: Differences in Loan Forgiveness

Date
2016-07-29
Authors
Harl, Neil
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With farm commodity prices receding from the unusually high levels of 2012 and 2013, concerns are being voiced about loan forgiveness.1 We examined that issue in the May 27, 2016 issue. Another dimension of loan forgiveness that puzzles many is the difference in treatment between recourse and non-recourse loans.2

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