Do farmers and bankers agree it’s time to cut back on borrowing?
New farm lending is down sharply by agricultural banks, plunging 40 percent during the closing three months of 2016 in the largest year-over-year decline for non-real-estate loans in nearly two decades, says a quarterly Federal Reserve report. “As the outlook for farm income generally has remained weak and farmland values have continued to decline, both… » Read More
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