Weathering the Financial Stresses in Agriculture

March 1, 2018 01:41 PM
 
 

Another year of stagnant farm incomes are putting pressure on completing a farm bill on time, and ag lenders say the farm economy weathered financial stresses 2017 better than expected.

“We were anticipating the stress to be higher than it has been,” said Bill Johnson, CEO of Farm Credit-Mid America at Commodity Classic. “I hate to use the term ‘treading water,’ but it didn’t get a lot worse.”

At a House Agriculture Committee meeting in February, Agriculture Secretary Sonny Perdue called the farm economy “fragile.”

In the first forecast of net farm income from the USDA, farm profits are expecting farm profits to shrink to their lowest levels since 2006.

Farm Credit says the biggest challenge for them in 2018 will be with rising interest rates.

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Comments

 
Spell Check

C.K
bad axe, MI
3/1/2018 07:20 PM
 

  Just print more fiat US dollars that always fixes all of our financial problems in the US . FHA just raised it's limit on it's guarantee loan program from $1,000,000.00 to $1,399,999.00 . The federal government master of the fiat US dollar currency printing press .

 
 

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