Recent economic conditions have raised concerns about the financial health of the ag industry. A new study by the USDA’s Economic Research Service compared current economic conditions to historic levels to understand the severity of the current ag economy.
Nigel
Key, an economist with ERS, says the study found that financial conditions have
deteriorated since 2012, but are not as severe as the 1980s.
“From a long-run perspective they’re not as severe as they were during the 1980 farm finance crisis or even as bad as they were in 2002,” he says.
Continue reading Study looks at financial conditions in the US ag industry at Brownfield Ag News.
