Agribusiness professionals expect financial stress to increase, according to a recent survey released by the Center for Farm Financial Management at the University of Minnesota. Financial stress will become high or very high for farmers over the next three years, in the opinion of 84% of the 2,300 survey respondents, who are based in all 50 states. Among lenders only, that number does drop slightly, however, to 80%.
Today, financial stress is relatively low, but it is expected to increase. Twenty-eight percent of the respondents said that more than 30% of their clients will begin feeling financial stress in the next three years (see chart).
The full report from the Center for Farm Financial Management at the University of Minnesota.