The evolution of agriculture has also led to advancements in the ag lending industry.
Aaron Johnson, president and CEO of Farm Credit Illinois, tells Brownfield a lot’s changed over his 40-year career.
“Back in the mid-80s, when I started here in Illinois there was one rate, that was variable.” He says, “So, we had to really retool the business to bring adjustable and fixed rates in to take the interest rate risk out.”
But he says farm borrowers are better protected than ever.
