Countries that do not provide non-recourse loans
The country that does not provide non-recourse loans is the United States. American commodity credit company's non-recourse loan is a kind of loan method that commodity credit companies provide price support and subsidies to farmers. Due to the frequent fluctuation of agricultural product prices, if the price of agricultural products falls when the loan expires, the price of mortgaged agricultural products will be lower than the loan principal and interest, which will not be enough to repay the loan, and the recovery of collateral will suffer losses.