Farmers' cooperative loans are repaid by borrowers. If the borrower cannot repay the loan, the guarantor must bear the corresponding guarantee responsibility. For the members of rural cooperatives, if they do not participate in the loan, they have no obligation to repay the loan. Farmers' cooperatives in arrears, can be handled in the following ways:

1, farmers' cooperatives can choose to sue if they owe money;

2. If the repayment date is specified in the IOU, the limitation of action shall be two years from the maturity date of the IOU; If there is no repayment date, you can ask for repayment at any time within two years from the date of the first collection.

3. After the judgment of the court, if the other party does not apply to the court for compulsory execution, it can also seize the debtor in bad faith.

How many years is the statute of limitations for IOUs?

The statute of limitations of the IOU itself is permanent, but the statute of limitations of the loan dispute is three years, counting from the date when the creditor knows or should know that his rights have been damaged and the debtor knows. However, if this right is damaged for more than 20 years, the people's court will no longer protect it.

According to Article 188 of the Civil Law, the limitation of action for requesting protection of civil rights from the people's court is three years. Where there are other provisions in the law, those provisions shall prevail.

The limitation period of action shall be counted from the date when the creditor knows or should know that the right is damaged and the debtor knows it. Where there are other provisions in the law, those provisions shall prevail. However, the people's court shall not protect the rights that have been damaged for more than 20 years. Under special circumstances, the people's court may decide to extend the time according to the application of the obligee.