Signs of Optimism on the Horizon?

March 19, 2016 02:59 AM
Signs of Optimism on the Horizon?

While the macroeconomy is weighing on trade and record harvests have led to building stocks and price pressure, there are reasons for optimism. “High net farm income from several years ago helped producers strengthen their financial base, said USDA Chief Economist Robert Johansson, at the Agricultural Outlook Forum. “USDA projects a slightly higher debt, mostly from operating loans and lower assets from erosion in land values, resulting in a slight increase in the debt-to-asset level in 2016. While such an increase indicates rising financial pressures, those ratios remain near historic lows.” 

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