As crop income falls, farmers borrow more operating money

Farmers in the Midwest and Plains – the major regions for corn, wheat and soybean production – are borrowing money to pay short-term operating expenses because shrinking crop income makes it harder to pay cash, according to a survey of ag bankers. “Operating loan volumes surged 25 percent from a year ago, offsetting an 18… » Read More

The Ag Insider content is only available to members.
Exit mobile version