Ag bankers say they’re nervous about the year ahead for farmers.
Shan Hanes is a banker in Kansas and chair of the Ag and Rural Bankers Committee for the American Bankers Association. “The biggest concern frankly, as we move into 2019 is cash flows and with these low commodity prices that we’re looking at, it’s hard to make cash flow work. It’s hard to make something breakeven, much less profitable.” He says lenders have been working with farmers to reduce costs and are giving rental rates and input supplier agreements a hard look for 2019.
Continue reading Tough decisions are being made in farm country at Brownfield Ag News.
