An
extension farm business management specialist is concerned about farmers
turning to high-interest operating loans.
David Bau with the University of Minnesota says going into 2019, he anticipated about 20 percent of farmers would be unable to securing financing with their current bank.
“Then at the launch of renewal season I think it got down to 10 percent, so those are the people we’re talking about that had to go somewhere else to get financing for their input costs.
Continue reading Farmers turning to high-interest loans to get financed at Brownfield Ag News.
