Farmer borrowing up sharply as crop prices fall

Commercial banks across the country reported a dramatic increase in volume this year for short-term agricultural production loans, says the Kansas City Federal Reserve Bank in its quarterly Agricultural Finance Databook. “Operating loan volumes reached a record high, exceeding year-ago levels by 28 percent.” Crop prices in early 2014 were down by 40 pct from a… » Read More

The Ag Insider content is only available to members.