Most ag bankers surveyed in the St. Louis Federal Reserve district report declines in farm income compared to a year ago and expect farm income to go down again in the next quarter.
Both farm income and expenses fell in the third quarter. A Missouri
lender says the low price of grain and the falling of cattle prices are going
to make it hard on low-leveraged farmers and nearly impossible for young,
highly leveraged farmers.
Continue reading St. Louis Fed district bankers on farm income decline at Brownfield Ag News.
