The USDA’s Deputy Chief Economist says the overall farm balance sheet is relatively strong but there are rising indicators of financial stress.
Deputy Warren Preston said at the recent AgriPulse Ag
Outlook Forum in Kansas City that there’s been a slow rise in farm debt, fueled
by farmers’ borrowing against their real estate equity.
“It’s not necessarily for purchase of farm real estate. It’s
farmers tapping into the equity in their real estates for operating loans.”
Preston says farmers are tightening their belts, with
production expenses declining.
Continue reading USDA: Rising indicators of financial stress at Brownfield Ag News.
